Bitmine buys $236 million in ether as Tom Lee touts ETH as 'wartime store of value'
CoinDesk
Bitmine has increased its ETH holdings to over 5 million tokens as Chairman Tom Lee positions the asset as a reliable wartime store of value.Summary
Bitmine Immersion Technologies (BMNR) has acquired an additional $236 million in ether, bringing its total treasury to over 5 million ETH, representing roughly 4.21% of the circulating supply. Chairman Thomas "Tom" Lee highlights this accumulation as a strategic move, with the firm staking 73% of its holdings to generate significant annualized revenue. Lee further suggests that ether is evolving into a "wartime store of value," outperforming traditional indices during geopolitical conflicts and serving as essential collateral in the growing tokenization and AI-driven digital economy.
(Source：CoinDesk)