Tom Lee’s crypto-focused firm, BitMine, has recently made headlines by acquiring 40,613 units of Ethereum (ETH), amounting to $82 million. This significant purchase highlights an ongoing trend where Ethereum is becoming a favored asset among Wall Street veterans aiming to explore blockchain technologies outside of Bitcoin. BitMine’s move into Ethereum reflects a broader pattern of institutional adoption, bolstered by supportive regulatory policies that have encouraged traditional investors to expand into cryptocurrency markets.
BitMine acquires $82M in Ethereum
