Tom Lee's BitMine Purchases Additional ¥6.6 Billion Worth of Ethereum

On the 8th, it was revealed that BitMine, a financial company dealing in the cryptocurrency Ethereum (ETH) led by Tom Lee, has purchased approximately 20,000 ETH (worth about $41.98 million, equivalent to ¥6.6 billion). The purchase was reported by blockchain analysis platform LookOnChain, citing data from Arkham Intelligence. This acquisition occurred amidst fluctuating Ethereum prices, which have dropped by about 25-30% over the past week, reaching a several-month low. Tom Lee defends the current market fluctuations as 'not a bug but a feature.' He states, 'Ethereum is the future of finance,'...