Tom Lee’s Bitmine has made significant moves in the cryptocurrency market, purchasing a total of 35,000 Ethereum (ETH) for approximately $69.37 million today, acquiring 10,000 ETH from Kraken and 15,000 ETH from FalconX. This trend demonstrates ongoing institutional interest in Ethereum through over-the-counter (OTC) providers, reflecting a market optimism that is being tracked in real-time by platforms like Lookonchain and Arkham. Fundstrat, under Lee’s leadership, combines market research with strategies for hands-on cryptocurrency asset accumulation, further highlighting the growing institutional engagement in the crypto space.
Bitmine acquires 35,000 ETH for $69.37M in a single day
