BitMine Flags $197.64M ETH Accumulation as Tom Lee Targets 5% of Supply

On-chain activity suggests Tom Lee-chaired BitMine Immersion Technologies added 89,026 ETH, valued at about $197.64 million, via four newly created wallets. The transfers were split across Kraken and FalconX, and came as ETH traded around the $2,100–$2,300 range. BitMine previously reported holding 5,206,790 ETH and said it has been moderating buys while pursuing a long-term goal of owning 5% of Ethereum's supply.