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Crypto

Bitmine Accumulates Over $100M in Ethereum Linked to Tom Lee

11/28/2025, 02:06
11/28/2025, 16:06
AI SUMMARY
●Bitmine, linked to Fundstrat's Tom Lee, has aggressively accumulated over $100M in ETH within a single day.
●A second purchase of 20,532 ETH followed an initial buy of 14,618 ETH just hours prior, signaling strong institutional demand.
●On-chain data confirms the rapid capital deployment, highlighting a major bullish bet on Ethereum.
Crypto asset manager Bitmine has purchased 14,618 ETH valued at approximately $44.34 million from BitGo. This significant acquisition was highlighted by on-chain analytics platforms including Lookonchain and reported by The Block. The purchase signals continued institutional interest in the asset amid a bullish market outlook often associated with Fundstrat's Tom Lee. [Update 1] New on-chain data indicates the buying spree has intensified significantly. Just four hours after the initial purchase, the wallet labeled "Bitmine" executed another transaction, acquiring an additional 20,532 ETH valued at approximately $63.32 million. This rapid follow-up purchase brings the total accumulation to over $100 million in a single day, suggesting highly aggressive institutional capital deployment into Ethereum.

Sources

01@lookonchain↗02@TheBlock__↗03@lookonchain↗04@PANews↗05@ChainCatcher_↗
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