Tom Lee’s BitMine Continues Aggressive ETH Accumulation

Tom Lee’s BitMine keeps buying ETH, adding millions while prices dip, showing strong confidence in Ethereum’s long-term growth.

Institutional ETH purchases may signal a broader market rebound, with weekly support around $2,600–$2,700 holding key significance.

Ethereum-related stocks show high volatility, reflecting crypto’s influence and BitMine’s moves on both crypto and equity markets.

Ethereum markets are buzzing as Tom Lee’s BitMine maintains heavy buying activity amid recent dips. Blockchain analytics reveal multiple fresh wallets receiving millions in ETH from FalconX, signaling ongoing accumulation

Lookonchain reports that BitMine purchased 28,625 ETH ($82.11M) last week, followed by another wallet receiving 21,537 ETH ($59.17M) just eight hours ago. Additionally, Arkharm confirms a new $80.8M ETH transfer aligned with known BitMine patterns. Hence, BitMine continues capitalizing on price weakness, reinforcing its position as a major Ethereum holder.

The strategy targets long-term growth despite current market volatility. Tom Lee remains optimistic, signaling confidence in Ethereum’s potential rebound. Ted, an analyst, notes, “Ethereum Treasury companies are showing no signs of a bottom. A reversal in these stocks will start a major reversal in $ETH.”

Consequently, BitMine’s purchases could foreshadow broader market movement, as institutional accumulation often precedes sustained price recovery. Crypto Bully adds that weekly demand between $2,600–$2,700 may hold as a support, while Ethereum could trend toward monthly anchored VWAP at $3,200–$3,300 if these lows maintain.

Institutional Buying Drives Market Dynamics

The fresh ETH inflows highlight BitMine’s aggressive buying strategy. The firm leverages dips to expand its treasury. Moreover, these transactions occur while ETH trades near $2,840, close to key downside projections around $2,500

Hence, BitMine positions itself to exploit asymmetric risk and potential Ethereum supercycle growth. Additionally, these acquisitions align with broader institutional sentiment, with companies using dips to reinforce long-term exposure.

Equity Market Reflections

Stock charts of Ethereum-related companies reveal significant volatility. SharpLink Gaming Inc. surged from $5 to $165 before correcting to $27.09. Dynamix Corporation fell from peaks near $50 to $9.97. Bit Digital Inc. remained more stable, trading near $10.25

Another volatile equity dropped from over $4 to $2.12. These patterns indicate both opportunities and risk in companies tied to Ethereum and crypto. Consequently, market participants monitor both crypto and equities to gauge institutional sentiment.

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