BitMine Immersion Technologies, led by Tom Lee, made its largest weekly Ethereum acquisition this year, viewing the recent market downturn as merely superficial.
DFG CEO James Wo, who turned a $20 million family stake into a billion-dollar crypto fund, expresses skepticism over Tom Lee's ambitious $250,000 Ethereum price forecast.
Tom Lee's Bitmine is nearing a $9 billion loss on its Ethereum holdings as ETH falls below $1,800, impacting the firm's share value.
Fundstrat's Tom Lee predicts Ether could surge to $250,000, driven by the convergence of DeFi and AI, alongside increasing corporate validation on the Ethereum network.
Bitmine Immersion Technologies chairman Tom Lee interprets recent Bitcoin sales and institutional outflows as typical market bottom indicators, not structural threats.
Investment firm BitMine, led by Tom Lee, has reportedly purchased $52 million in Ethereum, indicating a strategic shift from Bitcoin.