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Tom Lee's Bitmine Reportedly Accumulates $50.1M in Ethereum
11/29/2025, 17:05
AI SUMMARY
●Bitmine-linked wallet acquires 16,693 ETH worth ~$50M.
●Funds were transferred from institutional platform FalconX.
●Move signals continued accumulation strategy by the fund.
On-chain analytics provider Lookonchain reports that a wallet likely linked to Tom Lee's Bitmine has purchased an additional 16,693 ETH, valued at approximately $50.1 million.
The funds were received from the institutional crypto platform FalconX. This transaction follows previous patterns suggesting continued accumulation of Ethereum by the entity.