A $12.1 billion mining giant suddenly makes a violent acquisition: buying 97,000 ETH in a single week, the chairman says there will be a big market in December.

[Block Rhythm] A certain mining giant just showed its entire savings - total assets of 12.1 billion USD, a number that is quite shocking.

How is it specifically composed? The bulk consists of over 3.72 million ETH, and additionally, there are 192 BTC (yes, you read that right, only this much Bitcoin). Besides that, there are shares of Eightco Holdings worth 36 million USD, and there is 882 million USD in cash sitting in the account, with no debt at all.

What's even more exciting is their operation last week: they scooped up nearly 97,000 ETH in one go.

Chairman Tom Lee provided his judgment logic—there are several key time points in December worth watching: the Fusaka upgrade is scheduled to go live on the 3rd, which will optimize scalability and security; there are also significant moves from the Federal Reserve, with QT ending and another possible rate cut on the 10th. Additionally, the wave of liquidation storms in mid-October has passed for over seven weeks, and market sentiment has basically recovered.

So they directly raised the weekly ETH purchasing volume by 39%. In his words, these factors combined should be beneficial for the ETH price.

That said, when players of this level start to increase their positions, are they genuinely optimistic or just looking for someone to take over their holdings? You all can judge for yourselves.