Bitmine Just Went Big on

$ETH !

Tom Lee's Bitmine Immersion Technologies has added 98,852 ETH in the past week, bringing its total stash to over 4 million $ETH - that's roughly 3.37% of the entire circulating supply!

This move pushes Bitmine closer to its long-term goal of holding 5% of all ETH - a strategy they call the "Alchemy of 5%"

Despite a weak market environment, Bitmine is aggressively accumulating Ethereum, showing strong conviction in ETH's future as a core blockchain and staking asset

What to watch next:

Institutional demand for ETH keeps increasing

Long-term supply concentration rising

Could this tighten supply and impact price trends? #ETH