🚨 BREAKING: BitMine Buys 40,302 ETH (~$117M) — Tom Lee Still All In On Ethereum! 🟣💰
Institutional Ethereum treasury powerhouse BitMine Immersion Technologies, chaired by Tom Lee, has just added 40,302 ETH to its vault — worth roughly $117 million at current prices. This latest acquisition brings the company’s ETH holdings to more than 4.24 million ETH (~$12.3 billion) — a huge stash in the context of total circulating supply.
📊 BitMine’s ETH holdings now represent about 3.5% of all circulating ETH, making it arguably one of the most dominant institutional holders in the space.
This isn’t just buying the dip — it’s strategic accumulation aimed at long-term yield and staking returns, with BitMine also driving huge staked ETH positions thanks to its validator infrastructure.
Crypto Twitter translation:
🟣 “Institutional ETH stacking like it’s reserve currency strategy.”
🔥 “Tom Lee is treating ETH like Wall Street’s next big macro asset.”
🤡 “Retail legit refreshing the price every 2 seconds.”
👉 Whether you’re into ETH for yield, infrastructure, or long-term narrative — this is one of the biggest institutional accumulation stories of the year.
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🔥 $ETH
• Is this a sign ETH is going into supercycle mode? 👇
