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BitMine adds $417m to Ethereum treasury as Tom Lee doubles down on $10k ETH by year-end

Crypto News•Thursday, October 16, 2025 at 7:36:36 AM
PositiveCryptocurrency
BitMine adds $417m to Ethereum treasury as Tom Lee doubles down on $10k ETH by year-end
BitMine has made a significant move by adding $417 million worth of Ethereum to its treasury, solidifying its status as the largest public holder of the cryptocurrency. This strategic investment comes at a time when institutional interest in Ethereum is on the rise, with notable figures like Tom Lee predicting that ETH could reach $10,000 by the end of the year. This development not only highlights the growing confidence in Ethereum's future but also signals a broader trend of institutional accumulation in the crypto market, which could lead to increased stability and value for investors.
— Curated by the World Pulse Now AI Editorial System
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