PANews reported on October 19th that BMNRBullz posted on the X platform that on-chain monitoring data shows that Tom Lee's Ethereum treasury company, BitMine, has accumulated 379,271 ETH, worth approximately $1.5 billion, through three purchases since the "October 11th crash" last weekend. Tom Lee, who once claimed that "Ethereum will become the backbone of the digital economy," stated in an interview with CNBC after the close of trading on Friday that crypto investors are still "licking their wounds" in response to record leverage shocks, but that this is not the peak of the cycle, but rather a short-term bottom and will strive to recover.