BitMine continues to stack ETH…
Tom Lee (fundstrat)’s BitMine acquired another 27,562 ETH over the past week, bringing its total holdings to 5.98 million ETH.
That puts its holdings at roughly 4.9% of Ethereum’s circulating supply, with 5.07 million ETH already staked to generate yield.
What catches my attention is that BitMine keeps accumulating while ETH is trading around $2,688. The company is steadily turning liquidity into ETH exposure and staked assets.
At this point, the bigger question is whether the market is already pricing in this level of accumulation — or whether continued buying can eventually show up more clearly in ETH’s price.
For now, I’m watching the combination of BitMine’s accumulation + ETH price action closely.
$ETH /USDT
Not a recommendation to buy or sell ETH. Always do your own research.
Tom Lee (fundstrat)’s BitMine acquired another 27,562 ETH over the past week, bringing its total holdings to 5.98 million ETH.
That puts its holdings at roughly 4.9% of Ethereum’s circulating supply, with 5.07 million ETH already staked to generate yield.
What catches my attention is that BitMine keeps accumulating while ETH is trading around $2,688. The company is steadily turning liquidity into ETH exposure and staked assets.
At this point, the bigger question is whether the market is already pricing in this level of accumulation — or whether continued buying can eventually show up more clearly in ETH’s price.
For now, I’m watching the combination of BitMine’s accumulation + ETH price action closely.
$ETH /USDT
Not a recommendation to buy or sell ETH. Always do your own research.