Tom Lee's investment firm increased its cryptocurrency reserves on Sept. 22 via an on-chain transfer. Bitmine withdrew 12,500 ETH, valued at $34.55 million, from the Kraken exchange to its private wallet, continuing a consistent pattern of institutional accumulation.

The fund maintains $978.05 million of ETH in labeled on-chain wallets and holds approximately $10 billion in staked positions. These assets form part of a broader strategy to expand an institutional Ethereum treasury through regular acquisitions and staking.