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Tom Lee buys $435m Ethereum as Bitmine extends 45% rally amid ‘supercycle’
Yahoo Finance· 2025-12-09 11:46
Bitmine bought another $435 million worth of Ethereum in the first week of December as the company’s stock price extended a 45% rally from last month’s lows. “Our stepped up buying activity reflects our confidence that Ethereum prices should strengthen in the months ahead given multiple catalysts,” Bitmine Chair Tom Lee said Monday. Fusaka, a major upgrade to the $376 billion network, rolled out on December 3 and “delivers an array of improvements in scalability, enhanced security, and usability,” Lee sa ...