Will Institutions Buy Crypto After Ethereum's Q3 Run? Tom Lee Thinks So
BitMine Immersion Technologies chairman Tom Lee expects institutions to buy crypto after a strong quarter so far. The firm holds 5.9 million Ethereum (ETH) tokens that sit far below their purchase cost. The company valued its combined crypto, cash, and equity holdings at $15.7 billion on September 7. Lee Points to a Quarter Crypto Led The post Will Institutions Buy Crypto After Ethereum's Q3 Run? Tom Lee Thinks So appeared first on BeInCrypto.
Key Takeaways
- BitMine Immersion Technologies chairman Tom Lee expects institutions to buy crypto after a strong quarter so far.
- The firm holds 5.9 million Ethereum (ETH) tokens that sit far below their purchase cost.
- The company valued its combined crypto, cash, and equity holdings at $15.7 billion on September 7.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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