BitMine continues Ethereum accumulation as Tom Lee questions institutional inflow

BitMine has purchased an additional 27,562 ETH, bringing its total holdings to approximately 5.98 million ETH, valued at nearly $16.3 billion. The company has been acquiring Ethereum weekly since June 30, 2025, and has reached 98% of its ownership target. Meanwhile, Tom Lee has expressed skepticism regarding the strength of institutional capital inflows into the crypto market.