Tom Lee’s BitMine Boosts Ethereum Holdings Amid Market Dip
BitMine Immersion Technologies introduced its crypto and money holdings have reached $13.2 billion, pushed by a pointy enhance in Ethereum accumulation.
The firm mentioned it now owns 3.5 million ETH, price about $12.7 billion, together with 192 BTC, a $61 million stake in Eightco Holdings, and $398 million in money.
Tom Lee Confirms Strategic Expansion
At this stage, BitMine controls roughly 2.9% of Ethereum’s complete provide. This makes Tom Lee’s firm the largest ETH treasury on the earth and second-largest total behind MicroStrategy’s Bitcoin holdings.
“We acquired 110,288 ETH tokens over the previous week, 34% greater than the week prior,” Lee said. “This pushed our holdings to three.5 million ETH—midway in direction of our objective of 5% of the provision.”
Tom Lee described Ethereum as the inspiration for the following monetary tremendous cycle, citing institutional curiosity in on-chain asset tokenization.
Last week, BitMine and the Ethereum Foundation co-hosted an occasion on the New York Stock Exchange, attended by main monetary establishments.
Lee in contrast 2025’s regulatory shifts, such because the GENIUS Act and SEC Project Crypto, to the US determination in 1971 to finish the gold normal.
He calls it a pivotal modernization second for monetary markets.
Shift from Bitcoin Mining to Ethereum Treasury
BitMine was initially a Bitcoin mining and internet hosting agency utilizing immersion-cooled amenities in Texas and Trinidad. The firm continues to mine Bitcoin and host third-party miners underneath its “Mining-as-a-Service” program.
However, it has steadily repositioned itself as a crypto funding and treasury administration firm. Its enterprise now blends mining infrastructure with strategic accumulation of ETH and BTC for long-term worth.
Analysts view BitMine’s strategy as much like MicroStrategy’s Bitcoin treasury mannequin, however centered on Ethereum’s broader use in DeFi, stablecoins, and tokenized property.
Stock Sees High Volatility however Strong Liquidity
BitMine’s inventory has been some of the actively traded US equities in 2025. It lately traded close to $42, down from its October high above $56, however nonetheless up greater than 300% since July.
According to Fundstrat, BMNR averaged $1.6 billion in each day buying and selling quantity final week, rating forty eighth amongst all US-listed shares. That locations it simply behind Lam Research and forward of Arista Networks.
The inventory’s rally started after Peter Thiel disclosed a 9.1% stake in July, signaling rising institutional confidence.
Still, its valuation stays tied to Ethereum’s worth efficiency and total market sentiment.
The submit Tom Lee’s BitMine Boosts Ethereum Holdings Amid Market Dip appeared first on BeInCrypto.
