BitMine’s $6.6B ETH Acquisition Positions Company as Second-Largest Crypto Treasury

BitMine has taken a significant leap forward in the cryptocurrency world, becoming the second-largest crypto treasury with over $6.6 billion invested in Ethereum (ETH). This ambitious acquisition places BitMine ahead of major Bitcoin holdings, demonstrating a strategic shift towards Ethereum as a key corporate asset. Led by Tom Lee, the company amassed 1,523,373 ETH worth approximately $6.6 billion through a week-long buying spree. This move has sent ripples throughout the market and raised questions about future institutional investment in ETH.