Tom Lee's BitMine invests $75 million to buy 24K Ethereum

NonFungibleDegen · 2026-01-12T15:00:11+00:00

The well-known trader Tom Lee's BitMine recently purchased 24,266 Ethereum for $75 million, demonstrating institutional confidence in Ethereum's long-term value. This large acquisition may indicate a shift in market sentiment, but whether it confirms an improvement in Ethereum's fundamentals remains to be seen in subsequent developments.

NonFungibleDegen

2026-01-12 15:00:11

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【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.

ETH1,71%

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