BitMine’s ETH Obsession Just Got Wilder 🐍💰

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Key Highlights? More like Key Hype Highlights!

  • Tom Lee’s BitMine just spent $140.58 million on Ethereum like it’s a Black Friday sale. Because nothing says “corporate treasury” like buying crypto with the urgency of a person who just saw their Netflix queue expire. 🚨
  • Now they’ve got 4 million ETH-enough to fund a small country’s cryptocurrency addiction. And 3.2% of the total supply? Congrats, you’re now the crypto version of a “I’m not rich, I’m just really good at saving.” 💸
  • Goal: 5% of all Ethereum. Because why settle for a slice of the pie when you can eat the whole thing? 🎯

BitMine, the Bitcoin mining firm that’s now basically a Wall Street bank with a crypto bro vibe, just bought $140 million worth of Ethereum. Through FalconX, which is like the crypto version of a shady broker who’s definitely not on the FBI’s Most Wanted list. 🧠

This move is basically the digital equivalent of “I’m not investing in crypto, I’m just diversifying my portfolio… into a black hole.” Arkham, the onchain detective, is probably scribbling notes like “This is suspicious, but also kind of thrilling.” 🕵️♂️

– Arkham (@arkham) December 17, 2025

Tracking the “Bitmine” pattern

The new wallets? Like secret lairs for crypto villains. And Tom Lee? He’s the guy who predicted Bitcoin’s price with the confidence of someone who’s never had a financial setback. 🤯

Tom Lee, the man who thinks Ethereum is the “next big thing” even when it’s technically the “second big thing.” But hey, if he’s buying, it must be a good time. Or a really good sales pitch. 🎩

Recent ETH acquisitions

BitMine’s been buying ETH like it’s a limited-edition sneaker drop. Despite the market being as stable as a toddler on a trampoline. 🚀

They added 102,259 ETH to their hoard, which is like finding a $20 bill in your old jeans. Now they’re 3.2% of the supply. Close enough to 5% to make a TikTok trend about it. 📈

By treating Ethereum like a reserve asset, BitMine is basically saying, “We’re not just investors-we’re the crypto version of the Federal Reserve, but with more memes.” 🧾

Ethereum’s down 4.5% today, but the volume’s up 0.97%. Because nothing says “market confidence” like a slight uptick in trading. 📉📈

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2025-12-18 00:39