Bitmine Buys $30M More Ethereum, Reaches 6.04M ETH

Bitmine's accumulation is notable less for the $30 million add than for the scale it represents: a single corporate treasury now controls nearly 5% of all ETH, a concentration level that makes its future buying a structural factor rather than routine portfolio management. Tom Lee framing the selloff as an entry point signals the company is treating drawdowns as accumulation windows, so the open question is whether that stance holds if prices keep falling and whether Bitmine's approach to its stated 5% goal becomes a visible supply-side influence worth monitoring.