How is BitMine Changing the Crypto Game?
BitMine is really making waves in the cryptocurrency world, especially with its bold move to hoard Ethereum (ETH). They recently confirmed a massive $250 million purchase of ETH, bringing their total stash to over 3.3 million tokens. That’s around 2.74% of the entire Ethereum supply. Their plan isn’t just for quick gains; they are in it for the long haul, wanting to get their hands on a big chunk of Ethereum’s market.
Tom Lee, their Chairman, is pretty optimistic about Ethereum’s future, predicting it could hit $10,000 by the end of 2025. His confidence isn’t unfounded given what they’ve been doing. It shows that other big players see Ethereum as a key asset in the decentralized finance (DeFi) space. BitMine’s approach signals a shift…
