Ether Beats Nasdaq 100 as Bitmine Treasury Hits 5.8 Million ETH

Ethereum gained significant ground last month by outperforming the Nasdaq 100 index. Market analyst Tom Lee highlighted this momentum, noting that the asset showed resilience and growth while traditional tech stocks faced a challenging environment during the same period.

Adding to the excitement, Bitmine has officially expanded its ether holdings. The firm added 10,399 tokens to its treasury, bringing its total supply to 5.8 million ETH. This move signals continued confidence from institutional players despite recent market volatility.

Traders are now watching to see if this momentum can carry forward. With a major treasury holding growing and price action separating itself from typical tech indices, the market will be looking for signs of continued strength throughout the coming weeks.