🔥 Circle just launched cirBTC on Ethereum – a simple, 1:1 backed token that represents real Bitcoin.
So why did they launch on Ethereum first instead of other chains?
Because Ethereum is already the main hub for serious institutional finance on blockchain. It has deep, mature lending markets, strong DEX liquidity, plenty of tokenized assets, and steady flows of stablecoins like USDC. In short, it’s where the big players already do their DeFi, tokenization, and liquidity work every day.
Other chains may be fast or cheap, but they don’t yet have the same proven infrastructure and depth that institutions rely on for large-scale lending, market making, OTC trades, treasury ops, and settlement. Ethereum gives cirBTC the best possible start so it can be used right away in real financial activity.
🔥 In the past week, Tom Lee's Bitmine bought 126,971 ETH (~$213 million). This is the largest single purchase of Ethereum by them so far in 2026.
Even with a recent price drop around $1,630, they believe the real value of ETH is growing because of better technology, stronger demand, and its role in new areas like AI and DeFi.
With this latest purchase, BitMine now holds more than 5.5 million ETH. The move sends a clear message: BitMine sees Ethereum as a long-term winner and is putting real money behind that belief.