Tom Lee's BitMine just crossed a wild milestone. They now control over 3% of ETH's entire circulating supply.

The latest move? Another $150 million drop on Ethereum. While most corporate treasuries have been hitting the brakes lately, BitMine keeps stacking. No signs of slowing down.

Think about that number for a second. Three percent of all ETH out there. That's not some random wallet—that's institutional accumulation on a scale we don't see often.

What's interesting is the timing. Other big players are pulling back or staying neutral, but BitMine's strategy seems pretty clear: buy the dip, ignore the noise, hold long-term.

This kind of concentration raises questions. Are they betting on ETH's next major run? Do they see something the rest of the market's missing? Or is this just classic whale behavior—accumulate when everyone else is uncertain?

Either way, when one entity holds that much of a major asset, it's worth watching. Market dynamics shift. Supply tightens. And eventually, that pressure shows up in price action.