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Since Tom Lee joined BitMine as Chairman on June 30, ETH has surged by 71% in the same period.

By: theblockbeats.news|2025/08/12 07:22:42

BlockBeats News, August 12th, according to Ark Invest Daily, Tom Lee joined BitMine as Chairman on June 30th, when the price of ETH was around $2,500. Now ETH has risen to $4,300, a 71% increase since June 30th.

It is reported that since Tom Lee's joining, BitMine's strategic focus has shifted to focus on building the world's largest Ethereum treasury company and plans to acquire 5% of the total ETH supply. Currently, its ETH holdings amount to 1.15 million coins, valued at around $4.96 billion.

H100 Group Appoints Brian Brookshire as Bitcoin Strategy Lead

Ethereum Emerges as a Reserve Asset, Digital Oil, and TradFi’s Next Major Wager – Insights as of August 12, 2025