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Although ETH has dropped significantly recently,
as the MicroStrategy of the ETH world: Bitmine,
they have been steadfastly fulfilling their commitment.
They keep buying, announcing each purchase, and then buying more, never selling a single time from start to finish.
Bitmine has already become one of the largest ETH holders.
And now, they have completed 61.16% of their goal to purchase 5% of the total supply.
But the problem now is that their average cost is $3,960, and they are currently facing about a 31% drawdown.
Tom Lee also said that he’s not worried at all—he predicts ETH will reach $7,000 in January 2026.