Tom Lee’s Bitmine buys an additional $74 million worth of Ethereum, claiming the crypto bull run is “underway”

The purchase increases the amount of ETH Bitmine holds to nearly 5.99 million ETH—equivalent to 4.9% of the circulating supply—amid Chairman Tom Lee’s view that Ethereum’s outperformance signals a stronger rally is coming soon, while institutions still allocate relatively low weight to this asset.

Source: DeCrypt
🌍 Updated by GemCrypto

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