Tom Lee's Bitmine adds 101,745 ETH in a week — total holdings now 5.18M ETH

Bitmine, the firm associated with veteran strategist Tom Lee, acquired 101,745 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> over the past seven days, lifting its total on-chain holdings to 5.18 million ETH. The pace of accumulation signals a deliberate, high-conviction institutional build — not opportunistic dip-buying.

At current prices, 5.18M ETH represents a position of significant scale, placing Bitmine among the largest known institutional holders of the asset. Sustained buying at this cadence tends to reduce liquid supply on exchanges, which historically tightens the bid-ask dynamic for ETH in the open market.

Lee has long been a public advocate for digital assets, and a structured accumulation programme of this size adds institutional credibility to the ETH thesis heading into a period where spot ETH ETF flows are also drawing attention.