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TOM LEE IS DOUBLING DOWN -- EVEN IN A “CRYPTO WINTER”
BitMine just made another aggressive move.
The firm purchased roughly 50,900+ ETH, bringing its total holdings to about 4.47M $ETH -- roughly 3.7% of circulating supply.
That’s not a small treasury bet.
Tom Lee says the buying is deliberate and expects stocks and crypto to be up in March, arguing markets are likely in the late stages of bottoming despite war headlines.
Zoom out and the positioning is clear.
BitMine continues to accumulate while sitting on hundreds of millions in cash, treating the pullback as an opportunity rather than a warning sign.
This doesn’t guarantee price direction in the short term, but it does tell you how at least one large, sophisticated player is reading this phase of the cycle.
When treasury buyers step in during weakness, it usually means they’re looking past the noise… and positioning for the next leg.