Ether: Bitmine has an increase of $49 million, and Tom Lee praises Robinhood Chain's needs

BitMine has spent an additional $49 million in the past week, bringing its total hold to 5.77 million,038 YEP, or 4.8 per cent of the supply in circulation, at a market value of over $10.1 billion. The Chairman of the company, Tom Lee, stated that the success of Robinhood Chain had demonstrated the adaptability of the market to the Taifung, with a turnover of over $1 billion, making it the largest decentrized exchange (DEX). Despite the fall of the Etherfrog by approximately 2 per cent in the last 24 hours, Bitmine's stock has performed well over the past five trading days, albeit by 5.7 per cent.

Investment highlights:

• An additional $49 million for the Ether Workshop, close to 4.8 per cent of the supply in circulation.
• Robinhod Chain's deal was over $1 billion, making it the largest DEX.
• Bitmine stock outperformed the market despite the fall of the Taifeng.