Tom Lee Says This Ethereum Project Could Be a Game-Changer
Tom Lee has called Lighter (LIT) a breakout success and a critical piece of Ethereum's infrastructure. The remarks follow a new Bankless interview with the exchange's founder.
Lee is no casual voice here. He chairs BitMine, which calls itself the world's largest Ethereum treasury. The firm holds 5.79 million ether.
Why Does Tom Lee's Lighter Call Matter?
Lee co-founded the research firm Fundstrat. He also chairs BitMine, listed on the NYSE as BMNR.
BitMine disclosed 5.79 million ether on Monday. Nearly 4.92 million of those coins are staked. So Lee holds a huge bet on Ethereum getting used.
Ether (ETH) now trades near $1,944. It is down about 49% in a year.
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