Tom Lee’s Bitmine Purchases $145 Million in Ethereum, Strengthening ETH Holdings

Ethereum treasury firm Bitmine Immersion Technologies, chaired by Tom Lee, has added approximately 67,111 ETH, valued at around $145 million, to its holdings, according to onchain analysts. The purchase, executed via Kraken across two addresses, was reported by Lookonchain and flagged by EmberCN.

This latest acquisition raises Bitmine’s total Ethereum holdings to 4.66 million ETH (≈$10 billion), representing about 3.86% of Ethereum’s circulating supply. The company has maintained a steady buying pace over the past three weeks, having previously acquired 65,341 ETH since March 16.

ETH Market Context and Treasury Rankings

Bitmine remains the largest known Ethereum treasury holder, followed by SharpLink Gaming with approximately 863,021 ETH and The Ether Machine with around 496,712 ETH, based on StrategicETHReserve data.

Ethereum (ETH) traded at $2,154 as of Tuesday night, up 1% over 24 hours, but remains down more than 55% from its all-time high of $4,900 in August 2025. Bitmine’s stock (BMNR) fell 2.21% to $20.8 during the day but rebounded 1.88% in after-hours trading, reflecting continued market volatility.

Tom Lee emphasized that Bitmine views Ethereum as approaching the final stage of a “mini-crypto winter,” signaling confidence in long-term accumulation and treasury growth.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.