๐ณ๐จ $ETH WHALE ALERT! Tom Lee's BitMine Bought the \text{\$827M} DIP HARD!
After a massive \sim\$19 billion liquidation event sent fear across the market, an institutional giant made its move. Tom Lee-chaired BitMine Immersion didn't flinchโthey went on an aggressive \text{Ethereum} shopping spree! ๐คซ
๐ฐ Conviction by the Numbers:
* Aggressive Accumulation: BitMine scooped up over 202,000 ETH during the panic selling.
* The War Chest: This move was worth a staggering \text{\$827 million}!
* Market Dominance: Their total ETH holdings now top 3 Million Tokens, securing their spot as the largest corporate \text{Ethereum} treasury and accounting for over 2.5\% of ETH's total circulating supply.
๐ง The Institutional Playbook:
This is a masterclass in separating retail emotion from institutional strategy:
* Retail Reaction: Panic-sells into volatility.
* Institutional Action: Uses volatility as a discount opportunity.
As Tom Lee himself noted, the market liquidation "created a price decline in ETH, which BitMine took advantage of."
\text{\$827 million} worth of conviction is a powerful statement. It suggests that major players remain extremely bullish on the long-term value of \text{Ethereum} as the bedrock for AI and the future of finance.
Your thoughts? Is this massive buy a sign that the ETH bottom is in, or are institutions setting up for the next wave? Drop your take below! ๐
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