CoinWorld News reports that on August 12, according to Ark Invest Daily, Tom Lee joined BitMine as chairman on June 30, when the price of ETH was approximately $2500. Now ETH has risen to $4300, an increase of 71% since June 30. CoinWorld News reports that since Tom Lee's joining, BitMine's strategic focus has shifted to establishing the world's largest Ethereum treasury company, with plans to acquire 5% of the total supply of ETH. Currently, its ETH holdings have reached 1.15 million coins, valued at approximately $4.96 billion.