Tom Lee, through his firm BitMine, has invested $70 million in Ethereum, signaling a bullish shift among institutional investors. Over three days, BitMine acquired 23,773 ETH, raising its total holdings to over 3.7 million ETH, which constitutes more than 3% of Ethereum's circulating supply. The firm aims to control 5% of the total supply, enhancing its influence over staking and governance. This strategic accumulation aligns with broader institutional trends and mirrors historical patterns from Bitcoin's 2017 bull run. BitMine's MAVN initiative, which provides staking services to institutional investors, further integrates Ethereum into traditional finance, reinforcing its status as a foundational asset.