Bitmine, led by notable crypto strategist Tom Lee, has just executed a substantial acquisition of 24,068 ETH valued at approximately $80.6 million. The transaction was facilitated through FalconX, reflecting continued institutional appetite for Ethereum amid recent market dynamics. This significant move signals confidence in the asset class and adds to the growing narrative around institutional capital flowing into major cryptocurrencies. Such large-scale purchases from established players often attract market attention and can influence broader sentiment.