As Ethereum-focused activity in the cryptocurrency market accelerates again, it was revealed that two new wallets belonging to Bitmine purchased a total of $130 million worth of ETH.
According to on-chain analysis, this transaction aligns perfectly with the company's past purchasing patterns. This week alone, Bitmine purchased 97,650 ETH, bringing its current holdings to $12 billion and becoming a major company holding 3.16% of the Ethereum supply.
Bitmine president Tom Lee attracted attention by saying in his speech at Binance Blockchain Week that Ethereum could reach $62,000 in the coming months.
“Ethereum is having its 1971 moment this year,” Lee said, comparing Ethereum’s current trajectory to the breakout periods in U.S. financial history. This turning point, Lee said, will become even more pronounced in 2025 with the rapid tokenization of real-world assets on the blockchain.
“We're tokenizing everything in 2025. It's not just dollars… stocks, bonds, real estate. Wall Street will restructure by moving all of these products to smart contract platforms,” Lee said.
*This is not investment advice.
