Bitmine Keeps Buying as Tom Lee Sees Quarter-End Frenzy in Crypto

Tom Lee has pointed to quarter-end 'window dressing' as a possible reason behind the latest bout of crypto weakness.

In his view, some investors may be cutting losers or reducing visible exposure before the start of the second half of the year.

Bitmine added another $43 million worth of Ethereum, its smallest purchase since early May.

The company's continued accumulation of ETH adds another layer to the market conversation, but the smaller purchase size suggests some caution.