Bitmine buys $236 million in ether as Tom Lee touts ETH as 'wartime store of value'
Bitmine acquired 101,901 ETH ($236 million) last week, pushing its holdings to 5.07 million tokens—4.21% of ether's total supply. The treasury firm, led by Tom Lee, now stakes 3.7 million ETH generating $264 million annually. Lee positioned ETH as a "wartime store of value" amid geopolitical tensions, citing outperformance versus S&P 500. Bitmine's aggressive accumulation contrasts with most digital asset treasuries remaining inactive.
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