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Jens

BREAKING: Tom Lee’s Bitmine bought $14 million worth of $ETH last week.



They now hold 5.77M ETH worth $10.8 billion, which is about 4.8% of Ethereum’s supply.

#GateDEXIntegratesWithRobinhoodChain #SummerCreationCamp
ETH1.49%
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OnChainMafia
· 7h ago
To be honest, I’m not surprised at all—smart money has been obvious for a long time, but the fact that the numbers are this specific is still a bit shocking.
View OriginalReply0
Layer2Resident
· 9h ago
Once this news is out, tonight’s market is likely to move. First, observe to see whether the sell pressure from Mt. Gox has been absorbed.
View OriginalReply0
StableMiner
· 12h ago
Wait for official verification. This kind of news is sometimes fake, but if it’s true, then it’s definitely awesome.
View OriginalReply0
TheGiantWhaleInTheReflection
· 13h ago
4.8% of the supply is held by a single entity—does that count as a centralization risk? Although Bitmine is an investment firm.
View OriginalReply0
GridWeaver
· 19h ago
What event is SummerCreationCamp? This hashtag is a bit forced, but hey—money talks, so go ahead and buy whatever.
View OriginalReply0
QRCodeEvader
· 07-20 14:48
After looking into it, Tom Lee’s Bitmine bought quite a lot earlier; this time, they’ve added more again—it looks like they’ve fully committed to being a big whale.
View OriginalReply0
FloorSweeper
· 07-20 14:30
$14 million may be just pocket change for institutions, but for retail investors it’s an astronomical amount—there’s no way to envy it.
View OriginalReply0
TeaTimeFloor
· 07-20 14:30
With 4.8% of the supply, this position share is quite significant—will they keep buying afterward?
View OriginalReply0
DCAOx
· 07-20 14:27
5.77M ETH worth 10.8 billion—if you calculate it, the average cost is about $18.7? That means the unrealized profit is huge now. And they still add more at the high—now that’s real faith.
View OriginalReply0
RugPullSurvivor
· 07-20 14:24
Is this message deliberately being released to pull up the price? Anyway, I’ll believe it—I'll copy a few orders at the bottom first, then talk.
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