🚨 Bitmine Continues Accumulating ETH — Tom Lee Hopes for a Explosive Q4
Bitmine has just bought an additional 27.562 ETH over the past week, bringing its holdings to nearly 5.98 million ETH, equivalent to about 4.9% of Ethereum’s total supply.
Chairman Tom Lee believes crypto has entered an uptrend cycle since late June, with capital flows potentially shifting from AI to crypto, while industry fundamentals and the tokenization trend continue to improve.
Notably, ETH has outperformed the S&P 500 by about 65.19% in Q3. Lee said this rally could be a setup for a stronger move in Q4, as he expects an increase in institutional capital flows.
Personal view:
Bitmine’s continued accumulation of ETH shows that the long-term accumulation strategy by institutions is still being maintained. However, the expectation that institutional money will pour into Q4 is still Tom Lee’s assessment—not a certainty.
If ETH continues to hold its upward momentum and institutional capital truly returns, Q4 will be a period well worth watching.
👇 HOT COINS TRADING HERE 👇
$STRK
$JUP
$APT
Bitmine has just bought an additional 27.562 ETH over the past week, bringing its holdings to nearly 5.98 million ETH, equivalent to about 4.9% of Ethereum’s total supply.
Chairman Tom Lee believes crypto has entered an uptrend cycle since late June, with capital flows potentially shifting from AI to crypto, while industry fundamentals and the tokenization trend continue to improve.
Notably, ETH has outperformed the S&P 500 by about 65.19% in Q3. Lee said this rally could be a setup for a stronger move in Q4, as he expects an increase in institutional capital flows.
Personal view:
Bitmine’s continued accumulation of ETH shows that the long-term accumulation strategy by institutions is still being maintained. However, the expectation that institutional money will pour into Q4 is still Tom Lee’s assessment—not a certainty.
If ETH continues to hold its upward momentum and institutional capital truly returns, Q4 will be a period well worth watching.
👇 HOT COINS TRADING HERE 👇
$STRK
$JUP
$APT
