Tom Lee's Bitmine just added another chunk to their ETH stack. The firm grabbed 22,676 ETH today, worth around $68.67 million at current prices.
This latest move pushes their buying spree to 64,622 ETH in just two days. That's nearly $200 million worth of Ethereum flowing into their wallets since yesterday.
The accumulation pattern here is pretty straightforward—steady, large purchases in a short window. Whether this signals confidence in ETH's near-term trajectory or strategic positioning ahead of market events remains to be seen, but the size of these buys is hard to ignore.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
3
Repost
Share
Comment
0/400
MultiSigFailMaster
· 12h ago
Nearly 200 million worth of ETH spent in just two days? This pace seems off.
View OriginalReply0
MiningDisasterSurvivor
· 12h ago
Burning through over 20 billion worth of ETH in two days? Been there, done that—saw this play out way too many times back in 2018.
---
Another whale is dumping, just wait for the upcoming “strategic moves.”
---
With that much capital, you’re still quietly accumulating? Why not just do what 2017 projects did and hype it up directly?
---
Steady large buys? Heh, seen too many of these “shows of confidence” in bear markets end up dumped on the floor.
---
What I care about is when this guy will start dumping, not how much he bought today.
---
Getting 20 billion in is easy, but panic selling it out is a whole different story.
---
Did you check for contract risks, or is this just another “security audit” smokescreen?
---
Oh boy, here comes a new script for whale accumulation. How did the last ones who played this game end up?
---
Is this what they call “strategic positioning”? Looks more like a bet that ETH won’t drop further.
---
This is smelling less and less like a Ponzi and more like flexing by accumulating coins.
View OriginalReply0
ContractFreelancer
· 12h ago
Spent over $2 million on ETH in two days—does this guy truly believe in it, or does he have inside information?
Tom Lee's Bitmine just added another chunk to their ETH stack. The firm grabbed 22,676 ETH today, worth around $68.67 million at current prices.
This latest move pushes their buying spree to 64,622 ETH in just two days. That's nearly $200 million worth of Ethereum flowing into their wallets since yesterday.
The accumulation pattern here is pretty straightforward—steady, large purchases in a short window. Whether this signals confidence in ETH's near-term trajectory or strategic positioning ahead of market events remains to be seen, but the size of these buys is hard to ignore.