Bitmine Chairman Tom Lee Links ETH’s 8% Weekly Drop to Quarter-End Window Dressing

Bitmine Chairman Tom Lee attributed Ethereum’s (ETH) 8% weekly decline to quarter-end “window dressing,” saying funds may be trimming three-month losers ahead of June reporting. According to BeInCrypto, Lee made the comments as Bitmine reported holdings of 5,700,040 ETH worth roughly $9 billion and said the firm bought 27,084 ETH last week. ETH is down nearly 22% over the past month versus Bitcoin’s (BTC) 19% loss and is on track for a third straight red quarter. BeInCrypto also cited Lookonchain data showing SharpLink resumed buying, acquiring 39,196 ETH after an eight-month pause.