Tom Lee’s BitMine Stuns Everyone with $250 Million ETH Scoop: ‘A Juicy Discount!’ 😱

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Key Takeaways

Why has BitMine decided to go all-in on ETH? 🤔

Apparently, the recent ETH dip was a “golden opportunity” according to Tom Lee. I mean, who doesn’t love a good discount, right? 💸

So, will ETH’s price actually recover? 🤷‍♂️

Well, it might… if the market stops being a rollercoaster and sentiment actually improves. In October, it’s been all about that sweet spot market accumulation. But hey, who knows? 🤷‍♂️

Tom Lee’s BitMine Immersion has cranked up its Ethereum [ETH] hoarding this Q4 like it’s going out of style. In just October? A whopping 585,114 ETH, which is about 200K coins per week. Don’t worry, Lee’s not slacking. Now they own 3,236,014 ETH, a casual 2.7

Since ETH dropped by around 15

ETH Price: “Attractive Risk/Reward”-Lee Says So!

Here’s the cherry on top: Lee claims that the latest $250M ETH purchase is a total steal. I mean, who wouldn’t want to buy when ETH is at these prices? 🙄

“Open interest for ETH is sitting at the same levels we saw back in June when ETH was at $2,500. With the expected ‘Supercycle’ for Ethereum, this price dislocation is an attractive risk/reward.”

And if that wasn’t enough, BitMine also has 192 Bitcoins to show off. Their crypto stash is now over $13B, second only to Michael Saylor’s ever-growing empire. 🤑

As for ETH, it managed to climb back from $3.6K to $4K earlier this week-thanks to some soothing macro news. It even formed a “W” bottom on the charts, which a guy named John Bollinger predicted could lead to more gains. So, it’s not all doom and gloom… for now. 😏

But right when it looked like it was going to moon, ETH slipped below $4K again. Yep, that happened. It was all thanks to a third consecutive day of Daily Net Outflows from ETH ETFs to the tune of $145 million. Classic. 🤦‍♂️

Translation: Even though things are looking slightly better for the market, institutional investors are still holding onto their wallets. Makes sense, right? 🧐

But wait! There’s a silver lining. Exchange Supply is actually dropping, which means demand for ETH is on the rise. So, people are still interested. It’s just that the market’s a little… skittish. 🐓

And the October market dynamics aren’t too shabby either. The Exchange Netflow for Spot markets has been steadily declining, meaning more ETH is being taken off exchanges than deposited. That’s usually a bullish sign-if you’re into that sort of thing. 📈

In Q2, this same trend helped ETH rocket from $1.5K to $4.9K-a solid 3x return. So, maybe Polymarket’s prediction of a 44

Oh, and did I mention the 37

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2025-10-21 20:38