BitMine buys another 9,500 ETH as Tom Lee backs Buterin’s Ethereum vision

BitMine purchased another 9,500 ETH, adding to its treasury as chairman Tom Lee publicly endorses Vitalik Buterin's vision for Ethereum. The company's seven-day staking yield dropped to 2.65% from 3.03% over the week, trimming Lee's estimated annualized staking revenue to $309 million from $358 million. Traders watch BitMine as one of the largest corporate ETH holders, so continued accumulation signals institutional conviction even as staking returns compress.