Fundstrat Global Advisors Head of Research Tom Lee said Ethereum (CRYPTO: ETH) is among the “biggest macro trends for the next 10-15 years” as BitMine Immersion Technologies Inc. (AMEX:BMNR) announced on Monday it now holds 833,133 ETH tokens valued at $3.0 billion.
BitMine Achieves Record ETH Holdings
BitMine launched its ETH treasury strategy on June 30, completing the initial phase on July 8. The company now holds the world’s largest Ethereum treasury and ranks third globally in crypto holdings behind MicroStrategy Inc. (NASDAQ:MSTR) and MARA Holdings Inc. (NASDAQ:MARA).
“BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’ of ETH growing our ETH holdings to over 833,000 from zero 35 days ago,” said Lee, who serves as chairman of BitMine’s board.