Bitmine makes a large purchase of nearly 35,000 ETH in two hours, signaling institutional heavy holdings

2026-01-22 01:02:08

【Crypto World】The crypto investment firm Bitmine has recently made a big move—according to on-chain data monitoring platform, this institution led by well-known analyst Tom Lee purchased a total of 34,954 ETH from Kraken and BitGo exchanges within two hours, amounting to $105.5 million. This sizable transaction reflects ongoing institutional interest in ETH. Large trades often indicate market participants’ expectations for the future, and such position changes are key indicators closely monitored by on-chain analysts.

ETH2,59%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
7
Repost
Share

Comment

0/400

LuckyHashValue

· 5h ago

105.5 million invested, this guy is really optimistic, I have to keep up with the pace. --- Tom Lee's moves are always different; 35,000 tokens in two hours, this buying scale can't be sustained. --- Institutional money doesn't lie; ETH might really be about to rise this time. --- Bitmine's move feels like there's more to the story later on. --- Honestly, seeing this large amount of entry makes me want to go all in, but I don't have $105.5 million... --- Another "institutional buying" signal, is this one reliable?

View OriginalReply0

not_your_keys

· 7h ago

Oh my god, 100 million dollars gone in two hours. Bitmine really dares to play.

View OriginalReply0

BearMarketBard

· 10h ago

1.055 billion invested, this pace... Tom Lee really dares to do it --- Institutional heavy holdings are heavy holdings, but retail investors should stay steady and not follow the trend --- Over 34k ETH in two hours? Is this to pump the market or is he really optimistic? --- Starting to talk about holding signals again, feels like he always says this --- Big moves are big moves, but the key is whether he can hold on afterwards --- Damn... you must be very optimistic to invest so much money --- Tom Lee? I've heard his predictions a few times, is this one reliable? --- Once on-chain data comes out, analysis fills the screen, but in reality, it should still fall if it’s going to fall --- Really envy institutions with this kind of spare cash --- Wait and see, don’t rush to jump in yet

View OriginalReply0

GateUser-ccc36bc5

· 11h ago

105.5 million invested, this is the rhythm of taking off Tom Lee is optimistic about this move, whether to follow up or not is a question 34,954 ETH, what a move... definitely a bit fierce Institutional bottom-fishing signals? Or is it about to rise? Buying so urgently within two hours, there must be a story behind it The advantage of big players' actions is that they can catch the trend in time But on the other hand, could this data be exaggerated? Following the trend or having your own ideas, that's the real issue, right?

View OriginalReply0

SocialAnxietyStaker

· 11h ago

Wow, 105.5 million USD. Is this really going all in on ETH? Tom Lee wouldn't be lying to us again, would he...

View OriginalReply0

ETHReserveBank

· 11h ago

$105.5 million invested, this move is quite aggressive. Tom Lee is optimistic about the upcoming market trend.

View OriginalReply0

MevWhisperer

· 11h ago

Tom Lee is causing trouble again; this guy never seems to have a break.