🚨 JUST IN: Tom Lee’s ‘BitMine’ acquires 41,788 $ETH worth approximately $97 million.
BitMine, a firm backed by Tom Lee, has purchased 41,788 Ethereum valued at around $97 million, adding a sizable ETH position to its digital asset holdings amid ongoing market volatility.
Institutional-scale Ethereum accumulation continues to draw attention, as large purchases from established market participants often reflect long-term strategic positioning rather than short-term trading activity.
From an on-chain perspective, this type of accumulation typically aligns with reduced selling pressure from long-term holders, suggesting confidence in Ethereum’s broader ecosystem despite near-term uncertainty.
Market volatility may remain elevated in the short term. Participants should closely monitor institutional flows, on-chain data, and macro developments for further confirmation.
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