Odaily Planet Daily reports that on-chain monitoring data indicates that Ethereum treasury company BitMine may have accumulated a total of 379,271 ETH, worth approximately $1.5 billion, through three purchases since the October 11th crash last weekend. BitMine Chairman Tom Lee, who has previously stated 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 stated that this is not the peak of the cycle, but rather a short-term bottom and will strive to recover.