BitMine’s shares closed at 135 USD, up 2,150% after announcing Tom Lee as board chair. The recent trading halts highlight the volatility of such firms, especially as significant investments were made without immediate trading options.
Tom Lee stated on CNBC that BitMine aims to accumulate Ethereum in anticipation of a booming demand for stablecoins. Major banks may soon engage in staking Ethereum as the regulatory framework evolves, impacting BitMine’s strategy.
Leave a Reply