Tom Lee, former Wall Street strategist and co-founder of Fundstrat, has been appointed as Chairman of BitMine. The company is shifting its focus towards staking and holding Ethereum as a key part of its treasury strategy. BitMine currently holds 3.9 million ETH, representing over 3% of the total Ethereum supply, and recently made its largest weekly purchase in a month, acquiring 138,452 tokens. Lee believes Ethereum will benefit significantly from the stablecoin market, likening its potential growth to Bitcoin's previous supercycle.