$ETH BREAKING: BITMINE SNAPS UP 10,000 ETH - RACE FOR 5% SUPPLY HEATS UP
Institutional accumulation just hit another level. Tom Lee’s Bitmine Immersion Technologies is locking in a massive 10,000 ETH purchase directly from the Ethereum Foundation via an OTC deal worth nearly $24M. No slippage, no noise, just silent accumulation.
This move pushes Bitmine’s total stash to a jaw-dropping 4.98 million ETH, putting them within striking distance of controlling 5% of the entire Ethereum supply. Let that sink in. One entity inching toward a level of dominance rarely seen in crypto.
And this is not random timing. Large players are stepping in while sentiment remains mixed, quietly absorbing supply before the next major move.
So the real question is… what do they see coming that the market doesn’t?
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