Tom Lee's BitMine Adds ~$214M in ETH at $1,690 — What the 5% Supply Target Means for Leveraged ETH Traders
BitMine's ~$214M ETH accumulation near $1,690 — framed as dip-buying by Tom Lee — compresses liquid ETH supply and raises short-squeeze risk for high-leverage short positions, while BMNR equity acts as a direct ETH treasury proxy.