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Tom Lee’s BitMine is buying the dip, snapping up $480 million worth of Ethereum after the latest market sell-off. Lookonchain said on X that six wallets linked to BitMine withdrew 128,718 ETH from FalconX and Kraken. The buy followed a flash crash triggered by US President Donald Trump’s announcement that he would slap additional 100% tariffs on China’s exports. ”It’s easier for BitMine to achieve the ‘alchemy of 5%’ at $3,800 ETH than $10,000 ETH,” said BitMine, the largest ETH treasury firm. ”PS: just fact.” FACT: It’s easier for BitMine to achieve ‘the alchemy of 5%’ at $3,800 ETH than $10,000 ETH PS: just a fact — Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 11, 2025 BitMine Wants To Own 5% Of ETH’s Supply The largest altcoin by market cap had plunged as low as $3,504.32 from above $4k in the past 48 hours, according to data from CoinMarketCap. ETH price (Source: CoinMarketCap ) E...

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