News
Significance:
6/10

Tom Lee's BitMine Buys $1.1 Billion in Ethereum and Sells Stock, Shares Fall 10%

https://decrypt.co/340707/tom-lee-bitmine-buys-1-1-billion-ethereum-sells-stock-shares-fall

Mat Di Salvo, Andrew Hayward

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bullish
Tom Lee believes Ethereum is one of the biggest macro trades over the next 10-15 years.
Bearish
BitMine pivoted from Bitcoin mining to Ethereum purchasing, indicating reduced focus on BTC.
Bearish
Stock price fell 10% following the ETH purchase and stock sale announcement.