I guess the whales are loading up some more.
Tom Lee’s BitMine just bought 53,501 $ETH worth around $131M, bringing its total holdings to nearly 5.9M ETH — roughly 4.9% of Ethereum’s supply.
That’s not exactly a small bet.
BitMine has now been accumulating ETH for 65 consecutive weeks, so it’s clear this isn’t just a one-off purchase.
The interesting part is whether this kind of institutional accumulation continues as ETH pushes higher.
#ETH
Tom Lee’s BitMine just bought 53,501 $ETH worth around $131M, bringing its total holdings to nearly 5.9M ETH — roughly 4.9% of Ethereum’s supply.
That’s not exactly a small bet.
BitMine has now been accumulating ETH for 65 consecutive weeks, so it’s clear this isn’t just a one-off purchase.
The interesting part is whether this kind of institutional accumulation continues as ETH pushes higher.
#ETH
