Bitmine buys $236 million in ether as Tom Lee touts ETH as 'wartime store of value'
The firm has bought more than 5 million in ETH in just 10 months while most digital asset treasury companies have stopped accumulating.
The significant purchase of ETH by Bitmine and the positive sentiment from Tom Lee may lead to increased demand and upward price movement for ETH in the near term. This could attract more investors looking for a 'store of value' in the current market conditions.
The firm has bought more than 5 million in ETH in just 10 months while most digital asset treasury companies have stopped accumulating.
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