Tom Lee’s Bitmine just doubled down.
Another 45,759 $ETH worth $90.83M added last week — bringing total holdings to 4,371,497 ETH (~$8.68B).
Average cost sits around $3,821.
At current prices, the position is down roughly $8B+ on paper.
This isn’t retail speculation it’s institutional-sized conviction under pressure.
The real question isn’t the drawdown.
It’s whether this is accumulation before structural upside… or a very expensive bet on timing.
ETH
1,952.67
-0.77%