Recent data from blockchain analytics reveals that two significant players, Tom Lee’s BitMine and Donald Trump\u2019s World Liberty Financial (WLFI), have notably increased their holdings in Ethereum during a price dip, investing close to $140 million in the process. This aggressive accumulation underscores a strategic belief in Ethereum’s potential as the preeminent altcoin.<\/p>\n
As per insights from the blockchain analytics platform Lookonchain<\/a>, BitMine executed a significant purchase of 106,485 ETH, valued at approximately $470.51 million, following Ethereum’s downturn from its 2025 peak of $4,500. Concomitantly, the WLFI ventured into the market, acquiring 1,911 ETH for about $8.6 million during this period. Currently, BitMine possesses an impressive portfolio of 1.3 million ETH, amounting to $5.75 billion.<\/p>\n BitMine appears to be solidifying its position as an Ethereum powerhouse. Prior to the major buy, it acquired an additional 28,649 ETH, translating to nearly $129.88 million. These transactions were facilitated through Galaxy Digital\u2019s over-the-counter network. Additionally, just days before this acquisition, the firm also invested $158.47 million in ETH, according to Arkham data<\/a>.<\/p>\n In the grand landscape of Ethereum treasury holders, BitMine stands tall as the largest, significantly outpacing the second-largest, SharpLink, which holds 728,800 ETH, valued around $3.16 billion. Tom Lee has publicly stated ambitions to hold at least 5% of Ethereum’s total supply, alongside plans for a substantial $20 billion stock offering to support this vision.<\/p>\n Similarly, WLFI showcases bullish sentiment towards Ethereum. Following its latest acquisition, Donald Trump\u2019s son Eric Trump<\/a> has reiterated the message of “buy the dip.” In February, while ETH hovered around $2,800, he actively encouraged investors to capitalize on the opportunity. Throughout various market corrections, his stance remained consistent, urging everyone to invest as the altcoin showed resilience, surging over 66% within a recent 90-day window and maintaining a 27% increase year-to-date (YTD).<\/p>\n Beyond the notable actions of BitMine and WLFI, several other large-scale investors, or whales, have been quietly acquiring Ethereum amidst the market’s downward movement. Notably, Lookonchain has identified<\/a> a \u201cmysterious institution\u201d engaging in ETH purchases. This entity has recently spawned three new wallets and withdrawn a staggering 92,899 ETH, valued at $412 million, from Kraken within just a week.<\/p>\n Moreover, two newly established wallets withdrew an additional 25,684 ETH<\/a>, approximately $114.3 million, from FalconX right at the peak of Ethereum’s recent low. Amid these bullish accumulations, the Ethereum Foundation has opted to liquidate some of its holdings, selling 7,294 ETH for around $33.25 million.<\/p>\n<\/span>Wider Accumulation Trends Among Whales<\/span><\/h2>\n