Bitmine Adds $75M in Ether as Institutions Seen Underweight Crypto

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Bitmine, the largest Ethereum-focused treasury company, purchased $75 million worth of Ether in a continued buying spree. Chairman Tom Lee argued that institutions remain significantly underexposed to cryptocurrency assets. Lee suggested that Ethereum's strong performance in the third quarter could serve as a catalyst for greater institutional investment. The move reflects growing corporate confidence in ETH as a treasury asset amid broader crypto market momentum.

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