Bitmine, the vehicle linked to Fundstrat's Tom Lee, purchased another 20,000 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> — worth roughly $44.8 million — just three hours ago, according to on-chain data. That brings total accumulation over the past 24 hours to 65,000 ETH, or approximately $147 million.
The pace is notable: $147 million in a single day is the kind of conviction buying that signals a deliberate strategic position, not opportunistic dip-buying. Moves of this size from a high-profile macro voice tend to draw follow-on attention from institutional desks watching the same on-chain feeds.
ETH's near-term price reaction will depend on whether the market reads this as a one-off or the opening leg of a larger accumulation program.
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