Major $ETH accumulation is happening quietly.

Bitmine Immersion Technologies reportedly purchased 71,672 ETH after Ethereum dropped below the $2,200 level.

Chairman Tom Lee stated that the company’s long-term objective is ambitious — aiming to control nearly 5% of Ethereum’s total circulating supply by 2026.

At the time of the update, ETH was trading near $2,128, down around 8.7% over the past week. Lee also mentioned that rising oil prices and geopolitical tensions in the Middle East earlier this year added pressure to Ethereum’s price action.

Big players continue accumulating while the market remains uncertain.

#Ethereum #ETH #CryptoNews #Altcoins