BitMine's $838 Million Bet on Ethereum
The crypto treasury firm BitMine, chaired by Tom Lee, made a significant investment of $838 million to buy more Ethereum.
Despite the market turmoil, BitMine accumulated 202,037 ETH, solidifying its long-term vision for the digital asset sector.
The acquisition took place amid complete turmoil, with the crypto market falling into a tailspin after President Donald Trump's announcement of new trade tariffs on China.
This move showcases BitMine's conviction in Ethereum's potential, as the firm calmly acquired more assets while others were panicking.
Author's summary: BitMine invests $838 million in Ethereum amidst market turmoil.