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# CryptoAnalysis,
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GoodLuckComesAsPromi
Tom Lee's BitMine expands Ethereum treasury with a purchase of $358 million, ETH price surges. Ethereum is in the spotlight following the massive purchase by BitMine, led by Wall Street veteran Tom Lee. He referred to Ether as the "next Bitcoin," and the market reacted swiftly with a rally. A total of $358 million in ETH was accumulated by BitMine, which purchased 14,665 Ether from Galaxy Digital, worth approximately $65 million, and also received over 65,000 Ether transfers from FalconX in the past 24 hours, valued at $293 million. Overall, the company added $358 million worth of Ether to
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