
Bitmine (BMNR) significantly increased its Ethereum (ETH) holdings by 110,228 ETH last week, now owning 2.9% of the total supply. This aggressive accumulation, driven by the recent dip in ETH prices, signals strong conviction from Bitmine's Chairman, Tom Lee, who views Ethereum as a "super cycle story" for the next decade due to Wall Street's interest in asset tokenization. Investors might consider ETH as a long-term play, aligning with Bitmine's strategy.