Tom Lee’s BitMine Acquires Tens of Thousands of ETH as Major Investors Increase Exposure During Sell-Off

Even after roughly a 60% ETH decline and ETF-driven outflows, BitMine has been aggressively buying Ethereum—now holding over 3.04M ETH—supported by growing institutional demand. The accumulation signals long-term confidence as Tom Lee targets prior bottom zones like 2018 and 2022.