Crypto Titans Clash: BitMine’s Epic $417M ETH Grab & Tom Lee’s Dream of $10K ETH

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In the shadowed corridors of the crypto coliseum, where fortunes are made and lost faster than a gambler’s breath, BitMine emerges, clutching a handful of shimmering ETH, worth a staggering $417 million-just in the last seven hours! Yes, you heard right, seven hours-like clockwork, they scooped up 104,336 ETH from Kraken and BitGo, as if the market was the appetizer and they the insatiable feast. 😂

And still, amidst the chaos of a market that resembles a rollercoaster fueled by Red Bull, our bold titans of finance are not resting. Last week, they chomped down a hefty $828 million’s worth. The game is relentless-patience of a saint, greed of a demon. With each dip, they storm the banks, as if “Buy low, sell high” was some ancient mantra handed down by the gods themselves.

Lookonchain, the wise oracle of blockchain whispers: “BitMine just bought another 104,336 $ETH ($417M). Over 7 hours, three new wallets gobbled up ETH from Kraken and BitGo. Despite the market crash, Tom Lee still dreams that ETH will hit $10K by year’s end… as if he’s channeling Nostradamus & a psychic combined.”

– Lookonchain (@lookonchain), October 16, 2025

BitMine’s Marvelous ETH Hoard-A Fabled Fortress

Thomas Lee, the sage or perhaps the fortune-teller of the crypto realm, claims they snapped up ETH during its latest dip-because who doesn’t love a good discount? “Market turmoil creates opportunities,” he says, probably with a grin that says, “Gotcha!” Now, with over 3 million ETH tucked safely under their digital mattress-about 2.5% of all ETH-these masters of the game aim for more, dreaming of owning 5% someday. Because why not?

Post the Friday’s market crash, BitMine’s wallets stormed Kraken and FalconX once more, grabbing another 128,718 ETH-nearly half a billion dollars’ worth-like it’s a wallet party. They also pinched 43,843 ETH from some withdrawal or another, proving once again that when others panic, BitMine buys like there’s no tomorrow. 🎯

Institutional Appetite Grows-A Stampede to Ethereum

The big kids on the block-public companies-are not just peeking from the window; they’re diving in! According to Bitwise, these giants now hold about 5.90 million ETH, which is roughly $23.72 billion worth of digital gold. It’s a frenzy, a scramble, a pack of wolves with diamond teeth, all hunting for their share in the Ethereum chaos.

At the moment, ETH dances around $4,003-a modest decline of 2.49%, as if the coin’s doing the limbo. With over $46 billion worth changing hands daily, the market hums with life. Meanwhile, BitMine’s stock wobbles slightly at $53.80, up a bit then down, like a teenager on a rollercoaster-thrilling, unpredictable, and full of surprises. 🚀

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2025-10-16 10:45