Big moves in the crypto world! šØ BitMine, known for its Bitcoin roots, just went all-in on Ethereumāstacking over 833,000
$ETH worth $3B in just 35 days š®. Backed by Peter Thiel, this pivot makes BitMine the largest ETH-holding company out there.
With ETH averaging around $3,491 per coin, theyāre not playing around. The company now sits just behind Strategy and Marathon in global crypto holdings š¦.
Why the shift? Chairman Tom Lee says Wall Streetās warming up to Ethereum, and BitMine wants a front-row seat. Their stock? š Up a jaw-dropping 650% since late June. Copying Strategy's game plan clearly pays off.
ETH is trading close to $3,679, up 5% todayāstill down from its 2021 peak, but gaining momentum fast ā”.
Agree with BitMineās ETH bet? Or is it risky AF? Drop your thoughts š
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