Unmarked Wallet Just Purchased $106.98 Million $ETH. Arkham Intelligence flagged this transaction, noting that the purchase pattern was consistent with Bitmine’s previous buying behavior. The question Arkham is asking publicly: Did Tom Lee buy another $100 million? $ETH?
This whale just bought $100 million. $ETH
An unmarked address just bought $106.98 million $ETH. of $ETH The purchase pattern matches Bitmine’s previous purchase pattern.
Did Tom Lee just buy $100 million? $ETH? pic.twitter.com/PI4V1bY96b
— Arkham (@arkham) March 26, 2026
2 days ago, Bitmine was accumulated $ETH It bought $140.74 million in one week, bringing its holdings to over $10 billion. This figure is almost twice as much as Michael Saylor’s $75 million Bitcoin purchase during the same period. If this latest $107 million deal is attributed to Bitmine, it means the company is accelerating rather than pausing after its recent buying spree.
Bitmine’s current position
As of two days ago, Bitmine held $10.03 billion. $ETH They then staked $200 million of that and locked it into an Ethereum staking contract to secure yield. The current ownership level is 3.86% of the total. $ETH Exists.
To reach 4%, Bitmine would need approximately another $359 million. Based on the buying pace so far, mid-April was set as the target for the stock to exceed that threshold. If the $107 million deal flagged by Arkham was on Bitmine, that timeline would be even shorter. The $107 million acquisition narrows the remaining difference to about $252 million, significantly changing expectations in mid-April.
Pattern matching makes this interesting
Arkham did not confirm that the wallet belonged to Bitmine. What raised the flag was that the purchasing pattern was consistent with Bitmine’s previous behavior. This is a concrete observation from an intelligence platform that tracks wallet activity across the chain and builds behavioral profiles over time.
Bitmine’s buying pattern in recent weeks has been distinctive enough to discern the following: large single transaction, $ETH It’s purchased directly, rather than complicated routing or timing focused around a specific window. Unmarked wallet carrying $107 million $ETH If you bought it in a way that reflects that pattern, either Bitmine or someone intentionally copied it, and the latter seems unlikely.
The use of unmarked addresses is consistent with institutional investors who wish to accumulate their positions without immediately communicating them to the market. If you make a large purchase through an identified wallet, the price will fluctuate before the execution is completed.
what $ETHThe price is
The asset has been consolidating between $1,900 and $2,200 for several weeks. Support is located at $1,900 and resistance is located at $2,150. On higher time frames, the price trend is forming something like a bear flag, a pattern that technical analysts typically read as a continuation setup for a decline after a sideways consolidation.
The tension between its technical imagery and accumulated story is real. A bear flag on a higher time frame indicates that the path of least resistance may be to the downside. Continued institutional buying of $107 million per trade suggests there is real demand to absorb supply in the current range. These two things can both be true at the same time, and often before they can be resolved in either direction.
If the bearish flag turns to the downside, it will test the $1,900 support level. A break below $1,900 will break the lower bound that has sustained the consolidation pattern.
On the other hand, continued accumulation at this pace, combined with the $200 million already committed in staking contracts, is putting real pressure on the available liquid supply, and this is the mechanism behind a potential squeeze towards the $2,150 resistance.
what happens next
The 4% milestone is a number Bitmine has set as a short-term goal. Whether or not the $107 million acquisition is confirmed to be made by Bitmine, the trajectory from a 3.86% holding to a 4% ownership of $10 billion is a clear and measurable path. With each purchase, that gap narrows or widens.
The Arkham flag on this transaction leaves the question open until the wallet is identified or Bitmine makes it public. Tom Lee has been transparent about Bitmine $ETH Strategies in modern communication. If this is his purchase, confirmation may follow.
$107 million $ETH The purchase, which matches Bitmine’s known buying pattern, came two days after Tom Lee surpassed Saylor’s crypto spending in one week. If this is confirmed, Bitmine’s path to 4% asset ownership will only accelerate. The asset is stable between $1,900 and $2,200, with a bear flag forming on the higher time frame, but institutional demand at this size is the kind of variable that technical patterns can’t always explain.
