Bitcoin (CRYPTO: BTC) maximalists typically call their coin “digital gold.” But Tom Lee, Fundstrat co-founder and now chairman of Bitmine Immersion Technologies Inc (NYSE:BMNR), is maximizing the potential of a different digital asset — Ethereum (CRYPTO: ETH).
Lee’s company, in just 35 days, has quietly built the largest corporate Ethereum (CRYPTO: ETH) treasury in the world—$5.26 billion worth of ETH.
- Track $ETH price surge here.
From Bitcoin Miner To Ethereum Whale
Bitmine, once a traditional Bitcoin miner, flipped the script by pausing BTC mining and going all-in on Ethereum. Backed by Peter Thiel, the firm scooped up 833,137 ETH at an average price of $3,492 per coin. It didn’t …