Bitmine buys 10,399 ETH as Ethereum posts its strongest Nasdaq outperformance in a year and BMNR tests $17.50 resistance.

Chairman Tom Lee said ether's outperformance versus the Nasdaq in July signals strengthening crypto fundamentals.

Bitmine expanded its ether treasury to 5.8 million ETH tokens as Tom Lee highlighted July's outperformance against the Nasdaq 100.