Tom Lee’s BitMine Extends Ethereum Bet With $200 Million in Two Days
Tom Lee's BitMine purchased nearly $200 million in Ethereum over two days, increasing its position as the largest single holder.Summary
BitMine, associated with Tom Lee, significantly expanded its Ethereum holdings by acquiring nearly $200 million worth of ETH across two days. The first purchase on December 6 involved 22,676 ETH for about $68.7 million, following an earlier acquisition of 41,946 ETH for $130.8 million. These purchases deepen BitMine's lead as the largest single holder of Ethereum, possessing over 3.73 million ETH as of November 30, valued at over $11 billion. This accumulation occurred while ETH was trading near a one-month low, and smaller wallets (holding 1 to 10,000 ETH) were actively selling. Despite the short-term price weakness, Tom Lee maintains a bullish long-term outlook, suggesting ETH could reach $12,000 if Bitcoin hits $250,000.
(Source：BeInCrypto)