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Crypto

Bitmine Ditches Bitcoin for Ethereum Amid Market Shift

Guavy AI Editorial Team
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BTC ETH
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Tom Lee's Bitmine (BMNR) has continued to buy Ethereum (ETH), despite selling Bitcoin. In an interesting move, Strategy sold all of its Bitcoin in Q4 last year.

This comes as a contrast to Tom Lee's previous predictions about the cryptocurrency market. While he had previously been bullish on Bitcoin, his company Bitmine is now focusing on acquiring ETH instead.

The exact reason for this shift is not specified in the report, but it suggests that Bitmine may be reassessing its investment strategy and prioritizing other assets.

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