Tom Lee, co-founder of Fundstrat and chairman of Ethereum treasury firm BitMine, believes investor capital is shifting from AI memory-chip stocks to Ethereum. In a recent post on X, Lee shared a chart showing BlackRocks iShares Ethereum Trust ETF (ETHA) outperforming the Roundhill DRAM ETF by 72 percentage points between June 25 and July 21.
Over 90% of votes cast supported the liquidation of reserves and the exit from the UK stock market. The company holds a total of 668 BTC, valued at approximately $43.5 million at the time of the announcement.
CRCL, BMNR, and MSTR stock prices posted strong gains on Tuesday as the cryptocurrency market rallied, driven by renewed optimism over U.S. digital asset regulation and expectations surrounding the upcoming Federal Reserve meeting. Bitcoin climbed above $66,000, while Ethereum traded above $1,900 and XRP rose past $1.14.