The purchase lifts total holdings to 5,672,956 ETH, with an average buy price of $1,733 per ETH in the update tied to Tom Lee’s BitMine.
BitMine bought 52,203 ETH valued at $91 million, increasing its total holdings to 5,672,956 ETH. The update also listed an average buy price of $1,733 per ETH. The move points to continued large-scale accumulation of Ethereum by the firm tied to Tom Lee, a strategy markets often watch as a signal of institutional conviction and treasury positioning.