BitMine Chairman Tom Lee believes the crypto market's muted reaction to the $6.3 billion Binance hack (Ethereum only falling about 4%) is a signal of an ongoing bull market, reflecting the industry's growing resilience. He noted that this is far less than the 20% drop in Ethereum within a week after the $1.5 billion Bybit hack in February 2025. BitMine has continuously increased its holdings of Ethereum, purchasing an additional 8,573 ETH last week, bringing its total holdings to 6.06 million ETH, representing approximately 4.9% of Ethereum's circulating supply.