Expert: “Ethereum is the biggest investment of the next few years”
- BitMine Immersion Technologies, a publicly traded company chaired by Wall Street veteran Tom Lee, has become not only one of the most liquid stocks in the US but also the world's largest Ethereum treasury.
- The company, dedicated to accumulating Ethereum, reached the 19th most-traded US stock and recorded an average daily trading volume of $6.4 billion. This puts it on par with tech giants like Alphabet and even temporarily surpassed the leading crypto exchange, Coinbase (COIN).
- With Coinbase and Strategy (MSTR), there are only two crypto companies whose shares are traded more frequently than BitMine.
- BitMine is the world's largest publicly traded Ethereum treasury. Currently, BitMine holds approximately 1.15 million ETH, equivalent to over five billion US dollars. The company is led by Tom Lee (Fundstrat), a well-known crypto bull.
- In a press release dated August 18, Lee said: “We continue to believe that Ethereum is one of the greatest macro investments of the next 10-15 years. The shift from Wall Street and AI to blockchain will transform today's financial system more than anything else. And the majority of it is happening on Ethereum.”
Sources
- The most traded stocks in the USA
- BitMine's press release