Bitmine, backed by prominent analyst Tom Lee, has made a substantial move in the ETH market. The entity just staked another 109,504 ETH—roughly $340M at current valuations. This latest addition pushes their total ETH holdings to 1.19M coins, representing approximately $3.7B in accumulated positions. Such significant staking activity from major players often signals confidence in Ethereum's long-term prospects and can influence broader market sentiment around institutional participation.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
9
Repost
Share
Comment
0/400
PensionDestroyer
· 9h ago
Tom Lee, I've seen this trick before, you're just harvesting more newbies again.
View OriginalReply0
LiquidityLarry
· 01-13 02:07
Tom Lee is once again hoarding ETH wildly. This guy really isn't afraid of making a mistake.
View OriginalReply0
GasFeeBeggar
· 01-12 09:56
Tom Lee has made a move again, directly investing 340 million. This guy really has confidence in ETH.
View OriginalReply0
BuyTheTop
· 01-12 06:57
Tom Lee's endorsement requires money, and this logic is also incredible.
View OriginalReply0
NftMetaversePainter
· 01-12 06:57
actually, the true value proposition of this institutional accumulation lies in its algorithmic beauty—bitmine's 1.19m eth stack isn't just capital deployment, it's a computational manifesto. the hash value of long-term conviction, if you will.
Reply0
AllInAlice
· 01-12 06:55
Oh my goodness, Bitmine's move is incredible. 340M, just like that. I don't even have enough of my monthly allowance to stake a small part.
View OriginalReply0
TooScaredToSell
· 01-12 06:53
Tom Lee is so optimistic about this, I guess I have to follow and copy the homework...
View OriginalReply0
OfflineNewbie
· 01-12 06:47
Wow, this move, 340M per operation, really treating ETH like a cheap buy.
View OriginalReply0
SleepyArbCat
· 01-12 06:36
Tom Lee's move... investing 36.9 billion dollars, is he really optimistic or just leaving himself a backup plan? Hmm... forget it, I'll sleep a little longer.
Bitmine, backed by prominent analyst Tom Lee, has made a substantial move in the ETH market. The entity just staked another 109,504 ETH—roughly $340M at current valuations. This latest addition pushes their total ETH holdings to 1.19M coins, representing approximately $3.7B in accumulated positions. Such significant staking activity from major players often signals confidence in Ethereum's long-term prospects and can influence broader market sentiment around institutional participation.