ETH Holdings Reach 3.63 Million as BitMine Buys 69,822 ETH Last Week, Faces $4.25B Unrealized Loss

According to a social post from LookIntoChain, BitMine—linked to Tom Lee—completed a sizable ETH purchase last week, acquiring 69,822 ETH for about $197.25 million. The position now totals roughly 3,629,701 ETH, valued near $10.25 billion at current prices. The reported average entry price sits near $3,997 per ETH, signaling a material on-chain bet by a high-profile market participant. An unrealized impairment of about $4.25 billion is shown on the ledger, underscoring the mark-to-market exposure embedded in the stake.

Market observers should treat these figures as on-chain indicators rather than forward-looking projections. The disclosed stake highlights the influence of large holders on ETH liquidity and volatility, potentially shaping risk management strategies and hedging activity for funds and traders.