Tom Lee’s BitMine Doubles Down on ETH Accumulation Amidst Price Dips

Crypto veteran Tom Lee’s investment firm, BitMine, has increased its Ethereum holdings aggressively, demonstrating unwavering confidence in the cryptocurrency’s long-term growth trajectory. This strategy, characterized by substantial purchases during market dips, is driving both crypto prices and related equities markets. Blockchain analytics data reveals significant inflows of ETH into various wallets linked to BitMine, with estimates ranging from $80 million to $160 million in the last week alone.