Tom Lee’s Bitmine Accumulates 65K ETH in 24 Hours
Bitmine buys 65,000 ETH in 24 hours as acquisition pace accelerates.Firm stakes 3.5M ETH, reaching about 70% of holdings in the yield strategy.Total ETH holdings may hit 5.08M, giving Bitmine over 4% supply share. Tom Lees crypto firm, Bitmine Immersion Technologies, has increased its Ethereum exposure through a series of short-term purchases and staking, according to on-chain data and company disclosures. Over a 24-hour period, the firm accumulated roughly 65,000 ETH valued at about $147 million, with a portion of the transactions routed through institutional platforms FalconX and BitGo. The activity, flagged by Lookonchain, shows an accelerated acquisition pace that aligns with the firms recent treasury strategy centered on Ethereum. Accelerated Buying Activity and Market Position Data indicates that Bitmine first acquired 45,000 ETH valued at nearly $103.5 million, followed by a purchase of 20,000 ETH worth approximately $44.8 million within hours. Together, these transactions marked one of the firms largest short-term accumulation phases this year. The purchases follow a pattern observed over the past three weeks, where weekly acquisitions ranged between 45,000 and 50,000 ETH before increasing to over 65,000 ETH in the latest cycle. Chairman Tom Lee stated that the firm has maintained a higher acquisition pace as part of its internal outlook