---
title: "Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish"
url: https://thecoingazette.com/bitmine-buys-more-ethereum-as-tom-lee-calls-the-binance-hack-bullish/
date: 2026-11-02
modified: 2026-11-02
lang: en
author: "Coin Gazette Editorial"
description: "The chairman laid out six reasons the market’s “muted” 4% ETH drop after the record Binance theft shows crypto is “increasingly resilient,” as the firm’s stash neared its 5% supply goal."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 31
---

# Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish

The chairman laid out six reasons the market’s “muted” 4% ETH drop after the record Binance theft shows crypto is “increasingly resilient,” as the firm’s stash neared its 5% supply goal.