$ETH $D $ACT
🚨 Not retail investors buying: Ethereum is being systematically hoarded by 'whale-level funds'
The main character this time,
Is not speculative capital,
Nor is it short-term institutions.
Instead, it is—— Bitmine, led by Tom Lee.
The latest disclosed data is explosive👇
👉 Last week, Bitmine added 98,852 shares of $ETH
👉 Current total holdings have reached 4,066,062 shares of ETH
👉 Based on current prices, the market value is approximately $12.42 billion
A more critical point is👇
This accounts for——
About 3.37% of the total supply of Ethereum.
📊 What does this ratio mean?
A simple calculation reveals👇
• This is no longer just 'allocation'
• But rather close to a 'strategic level holding'
• It will impact both liquidity and long-term supply
When a single entity begins to control
More than 3% of the total supply,
The market structure itself will change.
📌 Why is this matter worth paying attention to?
Because Tom Lee's logic has always been very clear👇
• Not chasing short-term emotions
• More focused on cyclical positioning
• Prefers 'long-term infrastructure-type assets'
And ETH just happens to fit this framework:
• On-chain settlement layer
• Core vehicle for DeFi and RWA
• Staking mechanism continuously locks supply
This type of buying is more like pre-positioning for the next phase.
💡 An easily overlooked point:
Such a scale of accumulation,
Typically does not expect short-term surges.
It bets on——
The role upgrade of ETH in the financial system over the next few years.
