{"id":53909,"date":"2025-10-21T06:16:43","date_gmt":"2025-10-21T06:16:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=53909"},"modified":"2025-10-21T06:16:43","modified_gmt":"2025-10-21T06:16:43","slug":"bitmine-still-buying-the-dip-tom-lee-has-scooped-1-7b-eth-since-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=53909","title":{"rendered":"BitMine Still Buying The Dip, Tom Lee Has Scooped $1.7B ETH Since Crash"},"content":{"rendered":"<div>\n<p>BitMine Immersion Technologies has made its fourth purchase of Ether since the record liquidity flush on October 10.<\/p>\n<p>The company scooped up $250 million in ETH from Bitgo and Kraken on Monday, <a href=\"https:\/\/twitter.com\/arkham\/status\/1980371433525285160\">according<\/a> to Arkham Intelligence which said \u201cThese accounts match Bitmine\u2019s prior acquisition pattern.\u201d<\/p>\n<blockquote>\n<p>\u201cWill Tom Lee ever stop buying?\u201d<\/p>\n<\/blockquote>\n<h2>3.2 Million ETH Holdings<\/h2>\n<p>The wallets purchased 63,538 ETH this week and a whopping 379,271 ETH last week. This brings the total to 442,809 ETH worth around $1.74 billion at current prices purchased since the market crash.<\/p>\n<p>This aggressive <a href=\"https:\/\/cryptopotato.com\/bitmine-buys-the-dip-ethereum-stash-tops-3m-eth\/\">dip buying<\/a>, which Bitcoin treasurys have not replicated, has pushed BitMine\u2019s total to around 3.17 million ETH, but the company has yet to confirm the most recent purchases officially.<\/p>\n<p>This would give it around 2.6% of the entire supply of the asset, and over 50% towards its target of 5%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> From 163,000 ETH to 3.24 MILLION ETH in just 3 months. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f92f.png\" alt=\"\ud83e\udd2f\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Bitmine\u2019s accumulation is historic, week after week, they\u2019ve been loading the bags nonstop:<\/p>\n<p>July 14 \u2014 163K<br \/>\nAug 10 \u2014 1.15M<br \/>\nSept 14 \u2014 2.15M<br \/>\nOct 19 \u2014 3.24M <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f525.png\" alt=\"\ud83d\udd25\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>At this pace, they\u2019re on track to control 5% of all <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> in\u2026 <a href=\"https:\/\/t.co\/skfLh9vQAi\">pic.twitter.com\/skfLh9vQAi<\/a><\/p>\n<p>\u2014 BMNR Bullz (@BMNRBullz) <a href=\"https:\/\/twitter.com\/BMNRBullz\/status\/1980261133660385688?ref_src=twsrc%5Etfw\">October 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BitMine chairman Tom Lee is confident that this is not the top of the crypto cycle. \u201cSo I think we\u2019re at the basement and working our way back up,\u201d he told CNBC on Friday.<\/p>\n<p>Lee has also recently <a href=\"https:\/\/x.com\/CryptoGucci\/status\/1980271238527221768\">stated<\/a> that BitMine is preparing to roll out its own Ethereum staking solution very soon.<\/p>\n<p>Coinbase is also bullish about fourth quarter momentum for crypto markets and the influence of digital asset treasurys (DATs).<\/p>\n<p>\u201cLooking at the supply\/demand picture, it\u2019s hard to overstate the impact that digital asset treasury companies have had on markets this year,\u201d <a href=\"https:\/\/coinbase.bynder.com\/m\/77aadacc5d08c6e5\/original\/Charting-Crypto-Q4-Navigating-Uncertainty.pdf\">wrote<\/a> David Duong, head of research at Coinbase Institutional, in a recent research paper.<\/p>\n<h2>Ether Prices Retreat<\/h2>\n<p>The same crypto market pattern has playing out daily: Asia <a href=\"https:\/\/cryptopotato.com\/ethereum-reclaims-4k-poised-for-explosive-breakout-say-analysts\/\">pumps<\/a> markets with buying, and America dumps with selling, preventing any sustained upward momentum.<\/p>\n<p>As a result, Ether prices have fallen back below $4,000 again. ETH hit an intraday high of $4,080 in early trading on Monday, but sustained selling pressure on the US timezone pushed it back down to $3,940 where it currently trades.<\/p>\n<p>The asset has only seen a marginal recovery from its double dip in October and needs to clear $4,000, and stay above it, to see any real progress.<\/p>\n<p>Ethereum\u2019s weekly chart is \u201cloading a monster move\u201d with a double retest of the exponential moving average, <a href=\"https:\/\/x.com\/MerlijnTrader\/status\/1980272805439848836\">observed<\/a> analyst \u2018Merlijn the Trader\u201d who added that it pumped 70% last time this was seen.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitmine-still-buying-the-dip-tom-lee-has-scooped-1-7b-eth-since-crash\/\">BitMine Still Buying The Dip, Tom Lee Has Scooped $1.7B ETH Since Crash<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies has made its fourth purchase of Ether since the record liquidity flush on October 10. The company scooped up $250 million in ETH from Bitgo and Kraken on Monday, according to Arkham Intelligence which said \u201cThese accounts match Bitmine\u2019s prior acquisition pattern.\u201d \u201cWill Tom Lee ever stop buying?\u201d 3.2 Million ETH Holdings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-53909","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53909"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53909\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}