BitMine's Tom Lee Outpaces Michael Saylor With $140 Million Ethereum Buy in One Week
Analysis
Price Impact
HighA significant buy order from a major player like tom lee, especially exceeding michael saylor's bitcoin purchases, indicates strong conviction and could lead to substantial upward pressure on eth price.
Trustworthiness
HighPrice Direction
BullishThe large accumulation of eth by bitmine, coupled with staking activities, suggests a belief in future price appreciation and a long-term bullish outlook for ethereum.
Time Effect
ShortWhile the purchase happened over the past week, the immediate impact of such a large buy order is likely to be felt in the short term, potentially influencing immediate trading sentiment and price action.
Original Article:
Article Content:
Cover image via U.Today Tom Lee, the cofounder of the world’s largest Ethereum treasury, has continued to aggressively stack up on Ethereum, purchasing more tokens than Strategy’s Bitcoin purchases this week. Advertisement Data provided by Arkham intelligence platform shows that Tom Lee purchased about $140.74 million worth of ETH over the past week to further boost BitMine’s holdings. With this massive purchase, Tom Lee has outpaced Strategy’s Saylor for the first time as the purchase surpasses the $75 million Bitcoin acquisition recorded this week by Michael Saylor, the executive chairman of leading asset management firm Strategy. HOT Stories 'Big Deal': Tether Signs Big Four Firm for First Full Audit Why Bitcoin's Bollinger Bands Point to $84,000 BTC as Next Price Target, Binance Rolls Out New AI Product for Trading Crypto, XRP Popularity Finally Brings Ripple USD Stablecoin to Korea: Morning Crypto Report TOM LEE JUST BOUGHT MORE CRYPTO THAN SAYLOR pic.twitter.com/1GSFLdvKdS — Arkham (@arkham) March 24, 2026 BitMine nears 4% of Ethereum supply With the massive Ethereum accumulation made last week, BitMine’s Ethereum holdings have now reached about $10.03 billion, as the firm retains its dominance across the Ethereum treasury market. Advertisement Apart from its aggressive Ethereum accumulation, BitMine has also continued to double down on its Ethereum stake as it has recently staked $200 million worth of ETH. This allows BitMine to expand its holdings by earning rewards while contributing to network validation. You Might Also Like Mon, 03/09/2026 - 15:09 Tom Lee's BitMine Tops Ethereum Treasury With $131 Million Purchase By Godfrey Benjamin Advertisement Following its latest Ethereum purchases, BitMine now holds about 3.86% of the total Ethereum supply. The firm has also surpassed Strategy in various crypto-holding ratios, as Saylor’s Strategy currently holds about 3.63% of Bitcoin's total supply of 21 million tokens. The crypto community expects that if BitMine continues its steady Ethereum accumulation, it may achieve 4% of ETH’s supply soon, as it would only need to purchase about $359 million more in ETH to reach the 4% mark. #Ethereum #Ethereum Price Prediction #Bitmine #Strategy News #Bitcoin