<ul data-eligibleForWebStory="true"><li>BitMine Immersion Technologies, a Bitcoin miner, has priced a $250 million private placement to acquire and stake ether, appointing Tom Lee as chairman.</li><li>Tom Lee sees potential in Ethereum due to the explosive growth of stablecoins settling on the network, aiming for strategic advantages in staking Ether.</li><li>The private placement syndicate includes prominent names from traditional finance and crypto, with plans to immediately deploy ETH into staking for yield-bearing assets.</li><li>BitMine's move mirrors MicroStrategy's Bitcoin strategy, betting on the appreciation of a scarce digital asset at the core of global finance.</li></ul>

Ethereum Just Got Its MicroStrategy—Tom Lee Bets On Soaring ETH Price

Discover more