news3h ago

On-Chain Data Suggests That Bitmine (@Bitmnr), The Company Linked To Fundstrat Founder Tom Lee (@Fundstrat), Has Made Another Large Ethereum Purchase, Acquiring An Additional 100,000 $Eth Valued At Over $233 Million, According To Blockchain Analytics Firm Lookonchain.

The transaction was routed through three newly created wallets, which analysts believe are connected to Bitmine based on observed activity patterns. Funds appear to have originated from BitGo, a regulated digital asset custodian widely used by institutional investors.

If confirmed, the move would represent a significant addition to Bitmine's existing $ETH holdings and signals continued conviction from institutional players in Ethereum at current price levels.

On-Chain Data Suggests That Bitmine (@Bitmnr), The Company Linked To Fundstrat Founder Tom Lee (@Fundstrat), Has Made Another Large Ethereum Purchase, Acquiring An Additional 100,000 $Eth Valued At Over $233 Million, According To Blockchain Analytics Firm Lookonchain.

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