Tom Lee's Bitmine has accumulated 1 million ether tokens so far this year, but the pace of buying has dropped sharply. Last week the firm bought roughly 26,000 ether — a steep decline from the average of 100,000 ether per week it had been purchasing in earlier weeks.
A Shift in Buying Tempo
The 26,000-ether week marks a notable slowdown for the crypto investment firm. Bitmine had been consistently buying around 100,000 ether each week for much of 2025, making the latest figure roughly a quarter of that rate. The company has not publicly explained the change in strategy.
Year-to-Date Accumulation
Despite the recent pullback, Bitmine's total ether holdings have grown substantially this year. The 1 million ether purchased since January represents a significant position in the second-largest cryptocurrency by market value. Tom Lee, a well-known crypto bull and Bitmine's founder, has previously voiced optimism about Ethereum's long-term prospects.
The buying spree had drawn attention from traders who watch large wallet movements as signals of institutional demand. Last week's smaller purchase may temper that narrative, at least temporarily.
What Comes Next
Bitmine has not disclosed its buying plans for the coming weeks. Investors and on-chain analysts will be watching for any change in the firm's wallet activity to see whether the slowdown is a one-week blip or a new pattern.
