Cryptocurrency exchange Bitmine has made a significant move by acquiring 41,946 ETH worth approximately $130 million. This acquisition further strengthens Bitmine’s position as a key institutional holder of Ethereum. Tom Lee, known for his bullish stance on the cryptocurrency, is linked to this purchase through wallets associated with Bitmine. The transfer aligns with Bitmine’s strategy of accumulating ETH during market dips. On-chain analysis by independent experts points to transactions involving BitGo and FalconX custody services. 41,946 ETH adds to Bitmine’s growing portfolio, signifying a commitment to Ethereum as a core asset for the company. Market analysts believe this purchase could increase Ethereum’s price volatility due to shifts in large-holder transfer volume.