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Fundstrat's Tom Lee expresses continued confidence in Ethereum, purchasing $1.5 billion in ETH despite a cooling market for digital asset treasuries. His investment follows BitMine Immersion Technologies, which also acquired $1.5 billion worth of ETH. While observing signs that many treasury assets are underperforming, he suggests that Ethereum may evolve into a leading store of value akin to equities’ rise post-gold standard. Meanwhile, Huobi founder Li Lin has raised $1 billion to establish an Ether-focused treasury fund.
Source: YAHOO