Bitmine acquires $81M in ETH as Tom Lee flags potential larger rally

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Tom Lee's treasury firm Bitmine made its largest weekly Ethereum purchase since early July, acquiring $81 million worth of ETH. The buy comes amid a strong 30% weekly rally in Ethereum's price. Lee suggested the recent price surge could be signaling a larger upward move ahead. The significant accumulation reflects growing institutional confidence in Ethereum's near-term outlook.

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