Tom Lee’s BitMine appears to have bought another 51,000 $ETH worth roughly $126M from FalconX and BitGo, according to Lookonchain. The purchase adds to what has become one of the most aggressive institutional Ethereum accumulation strategies in the market. BitMine had already added 53,501 ETH over the previous week, taking its holdings to roughly 5.9M ETH, or about 4.9% of Ethereum’s total supply. What makes the latest move particularly interesting is the size. 51,000 ETH in a single accumulation is larger than the holdings of many major crypto treasuries, and it comes while ETH is still trading around the $2,400–$2,500 range. The purchase also reinforces Tom Lee’s longer term thesis that Ethereum is becoming an increasingly important institutional asset rather than simply another altcoin. #BTC Price Analysis# #Altcoin Season#