BitMine Acquires Major Ethereum Holdings via OTC Market

BitMine, led by CEO Tom Lee known for his bullish crypto outlook, acquired a substantial 28,650 ETH through an OTC transaction valued at approximately $130 million. This move significantly boosted BitMine’s Ethereum holdings to 1.174 million ETH. The purchase, executed through Galaxy Digital’s OTC desk and secured with BitGo custody services, signals institutional confidence in Ethereum’s market potential.