Bitmine Expands Ethereum Treasury as Tom Lee Backs Robinhood Chain

Key Facts

In a move reflecting continued institutional accumulation of digital assets, Bitmine has strengthened its Ethereum treasury by acquiring an additional 27,801 units. According to reports, this purchase has pushed the company's total holdings above 5.77 million ETH. Furthermore, Bitmine Chairman Tom Lee identified the Robinhood Chain initiative as a significant new driver for the broader adoption of the Ethereum ecosystem.

This expansion occurs as major financial institutions shift toward integrating blockchain technology into retail services, with Robinhood (HOOD) seeking to expand its footprint in the sector. Compared to the previous quarter, market data shows steady corporate appetite for holding core assets like Ethereum and Bitcoin as part of treasury strategies. Per market data, HOOD shares are trading at levels reflecting investor optimism regarding Web3 infrastructure expansion plans.

Looking at market performance, HOOD closed at $111.97 (close July 10, 2026), after reaching a daily high of $119.43. Traders are now looking ahead to the release of the FOMC Minutes on July 8, 2026, which may provide signals on monetary policy and its subsequent impact on risk-on assets, including tech stocks and cryptocurrencies.