After BlackRock approved Ethereum: Tom Lee bought $118 million worth of cryptocurrencies during the price dip

Bitjie.com reported: Bitmine has increased its holdings of Ethereum by $118 million, bringing its total position to $12.5 billions. The company's chairman, Tom Lee, stated that Ethereum's relative strength reflects investors' recognition of its role in the development of tokenization on Wall Street. Despite the overall downturn in the cryptocurrency market, Bitmine has invested more than $500 million in Ethereum over the past month, with total staking approaching $6 billions, and daily staking income expected to reach $1 million. Lee emphasized Ethereum's reliability and Wall Street's growing acceptance of cryptocurrencies and blockchain assets, believing that they can integrate with traditional finance and artificial intelligence.