Fundstrat CIO Tom Lee Sees Ethereum ‘Supercycle’ As BitMine ETH Holdings Hit 2M, ARK Invest Buys $4.4M BMNR
Fundstrat CIO Tom Lee said Ethereum is entering a “supercycle” as BitMine Immersion Technologies’ ETH holdings topped 2 million and Cathie Wood’s ARK Invest bought $4.4 million BMNR. “Ethereum is one of the biggest macro trades over the next 10-15 years,” said Lee, who is also Bitmine’s chairman, in a press release. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.” BitMine shares jumped 4% on news that its ETH treasury stash had crossed 2 million ETH worth and that Cathie Wood’s ARK Invest had added to its BMNR holdings with another buy yesterday. BMNR share price (Source: Google Finance ) BitMine Doubles Down On Ethereum Strategy BitMine is currently the largest Ethereum treasury firm globally. In a Sept. 8 post on X, the company announced that its massive ETH stockpile reached 2,069,443 ETH....