BitMine Deploys $417M Into Ether Vault — Tom Lee’s Next Call Could Be Explosive
BitMine Immersion Technologies meaningfully elevated its Ethereum holdings on Thursday, buying 104,336 ETH, price about $417m, in what seems to be one other push to bolster its crypto reserves.
According to Lookonchain knowledge drawn from Arkham, the ETH landed in three new addresses through seven transactions hailing from two wallets tied to Kraken and BitGo. BitMine didn’t publicly confirmed the transfer.
With the newest addition, the agency now holds roughly 3.03m ETH, valued at about $12.2b. That rising place helps its mission to amass 5% of Ethereum’s whole provide whereas reinforcing ETH’s position in capital markets.
Tom Lee’s Bullish Ethereum Target Sparks New Optimism In Market Circles
BitMine’s chairman Tom Lee, a longtime crypto bull, stays vocal about his value expectations.
He mentioned on a recent podcast that he sees ETH hitting $10,000 to $12,000 by year-end, describing the forthcoming rally as true value discovery slightly than only a speculative spike.
BitMine’s latest accumulation comes on the heels of an earlier document buy. During a significant crypto market dip, the company spent over $827m acquiring ETH, a timing that captured demand from panic sellers amid a weekend that noticed $19b in leveraged positions liquidated.
$200–$250k BTC and $10–$12k ETH by year-end?
Tom Lee ( @fundstrat ) and Arthur Hayes ( @CryptoHayes ) share their value predictions, and why they assume ETH might do a 2.5x in simply 2 months.
2 Legends. Same ballpark. Are we prepared for these ranges by Dec 31?
pic.twitter.com/DaMuzO2LdE
— Bankless (@BanklessHQ) October 14, 2025
As Markets Await Rate Cuts, BitMine Deepens Its Ethereum Exposure
Lee and different market watchers level to potential Federal Reserve fee cuts, rising institutional adoption and clearer regulation as catalysts that might stoke additional crypto positive factors.
Ethereum itself is feeling the strain of those dynamics. The asset final traded down 2.1% at $4,023. Still, it has gained almost 55% over the previous 12 months, indicating each volatility and underlying demand.
BitMine’s aggressive shopping for technique mirrors rising company curiosity in digital asset treasuries. As extra corporations undertake ETH accumulation to diversify and hedge, the influence on provide dynamics and market psychology may very well be substantial.
BitMine’s strikes are already serving as a sign available in the market, a reminder that enormous mixture demand can shift narratives as a lot as value charts.
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