Tom Lee says ether outperformed Nasdaq 100 in July as Bitmine adds 10,399 ETH

Ethereum news: Tom Lee's Bitmine (BMNR) continues to buy ETH while Strategy sold bitcoin

Bitmine bought 10,399 ETH ($19.1M) last week, raising holdings to 5.8M ETH (4.8% supply), as ether posted its strongest monthly outperformance versus Nasdaq in a year. Institutional ETH accumulation amid crypto recovery signals renewed confidence in Ethereum as corporate treasury asset versus bitcoin, relevant for CTO allocation decisions.