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Tom Lee’s Bitmine just doubled down.
Another 45,759 $ETH worth $90.83M added last week bringing total holdings to 4,371,497 ETH (~$8.68B).
Average cost sits around $3,821.
At current prices, the position is down roughly $8B+ on paper.
This isn’t retail speculation it’s institutional-sized conviction under pressure.
The real question isn’t the drawdown.
It’s whether this is accumulation before structural upside… or a very expensive bet on timing.
$ETH #GateSquare$50KRedPacketGiveaway #BuyTheDipOrWaitNow?