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Bitmine, Linked to Fundstrat's Tom Lee, Acquires 100,000 ETH Valued Over $233 Million

On-chain tracking firm Lookonchain has reported a substantial acquisition by Bitmine (@BitMNR), a company widely associated with Fundstrat's Tom Lee (@fundstrat). According to their analysis, Bitmine likely added another 100,000 ETH, valued at more than $233 million, to its holdings. These significant transfers were routed through three newly created wallets, which on-chain analysts have linked to the firm based on distinct transaction patterns. The funds' origination from BitGo further underscores institutional-grade custody activity, indicating a notable institutional move within the Ethereum market and potentially signaling broader investor confidence.
ETH
ETH-3.28%
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