Tom Lee Says 'Ethereum Has Already Bottomed Out', Purchased $460 Million Worth Last Week

Tom Lee, Chairman of Bitmain Immersion Technologies, expressed in a Decrypt video interview on the 11th that the cryptocurrency Ethereum (ETH) has already reached its bottom.

According to analysis by Fundstrat, where he serves as Chief Investment Officer, Ethereum has begun to recover after recently falling below $3,000 (approximately 450,000 yen).

Last week, Bitmain purchased 138,452 ETH, worth approximately $460 million (about 69 billion yen). This represents the largest increase in holdings since purchasing over 200,000 ETH in October.

The company continues to increase its holdings of the cryptocurrency Ethereum...