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Gate Square New & Returning Creator Rewards are ongoing!
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Tom Lee's BitMine invests $75 million to buy 24K Ethereum
【Crypto World】The well-known trader Tom Lee’s affiliated organization, BitMine, has been making frequent moves recently. It is reported that the institution has spent $75 million to acquire 24,266 ETH in one go. This large purchase is particularly eye-catching in the current market environment — reflecting institutional confidence in the long-term value of Ethereum and also indicating that professional institutional investors are still actively positioning themselves at current price levels. From on-chain data, similar large-scale purchases often signal a shift in market sentiment. Whether this is institutional forward-looking positioning or a reaffirmation of Ethereum’s fundamentals, the subsequent trend may provide an answer.