Bitmine Buys $49 Million in ETH as Tom Lee Warns of Low Liquidity

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Bitmine Buys $49 Million in ETH as Tom Lee Warns of Low Liquidity

This topic has 4 replies, 5 voices, and was last updated 2 weeks, 6 days ago by
ShadowBlaze

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November 21, 2025 at 5:53 am

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ShadowBlaze

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breaking news 🚨: bitmine scoops up $49 million in eth, aiming for 5% of circulating supply 📈! tom

November 21, 2025 at 5:53 am

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Oliver Martinez

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yo did u see this?? bitmine out here buying $49 mil in eth like it’s nothing 🤑🚀 do they know something

November 21, 2025 at 5:53 am

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Moonlit Aura

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whaaat Bitmine going all in on $ETH like it’s the only coin left in the metaverse 🚀🔥! should

November 21, 2025 at 5:53 am

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Ava Johnson

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bitmine’s massive ETH acquisitions signal a strategic move towards becoming a significant player in Ethereum’s ecosystem, leveraging various funding sources and OTC desks for liquidity

November 21, 2025 at 5:53 am

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Altcoin Observer

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Bitmine acquired 17,242 ETH, valued at $49 million, adding to its total of 3.5 million ETH worth over $10 billion. The company is building a substantial Ethereum reserve, aiming for 5% of the circulating supply. Bitmine funds purchases through equity, cash, and staking rewards, often using OTC desks like FalconX and BitGo. Despite market volatility, the company sees price drops as buying chances and is now the second-largest in crypto holdings. 📈

Tom Lee, Bitmine’s president, mentioned that recent crypto weakness stems from liquidity issues among market makers hit by October’s crash. Companies are repairing balance sheets, affecting prices. Lee expects stabilization in a few more weeks as market makers recover. Bitmine remains steadfast in its Ethereum strategy, believing in its importance for decentralized finance. The company continues accumulating ETH with conviction. 🚀

Bitmine Buys $49 Million in ETH as Tom Lee Warns of Low Liquidity
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