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Fundstrat's Bitmine Accumulates $273M in ETH as Market Sees $650M Liquidations
12/01/2025, 14:37
AI SUMMARY
●Tom Lee's Bitmine Fund bought $273 million worth of ETH last week
●Fund now holds over $11.5 billion in Ethereum assets
●Broader market faced $650 million in liquidations during recent correction
On-chain data reveals that Tom Lee's Bitmine Fund purchased 96,798 ETH, valued at approximately $273 million, over the past week. The fund currently holds over 3.7 million ETH, totaling roughly $11.5 billion, signaling continued institutional confidence in Ethereum despite recent market volatility.
This accumulation comes as the broader crypto market experienced a sharp correction, erasing the previous week's gains. Data indicates that over $650 million in positions were liquidated across the market as Bitcoin and other assets pulled back.