Tom Lee's fund just scooped up another massive ETH position.

Bitmine grabbed 138,452 ETH over the past week. That's roughly $432 million worth of Ethereum at current prices. Their total ETH holdings? A staggering $12.05 billion.

And here's the kicker—they're not done yet. Still sitting on $1 billion in dry powder, ready to deploy into ETH.

This kind of accumulation doesn't happen quietly. When institutional players move this aggressively, it usually signals strong conviction in the asset's trajectory. Whether you're bullish or skeptical, these numbers deserve attention.