Tom Lee’s BitMine Buys Additional $205 Million In Ether, Pushing Holdings Above $10 Billion ⋆ ZyCrypto
The post Tom Lee’s BitMine Buys Additional $205 Million In Ether, Pushing Holdings Above $10 Billion ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  BitMine Immersion Technologies, the Ethereum-centric treasury firm led by Fundstrat’s Thomas Lee, added 69,822 ETH — $205 million worth at the current price — to its holdings over the last week, the company announced Monday. BitMine’s $10.2 Billion Ethereum War Chest While the publicly traded Ether treasury company has continued to boost its ETH exposure, the U.S. dollar value of its stack has decreased significantly with the recent market downturn. BitMine now holds 3.63 million tokens, valued at around $10.2 billion as of Monday. For perspective, this is equivalent to 3% of the second-largest crypto’s total supply, bringing the firm closer to its goal of acquiring 5%. BitMine’s Ether stash was worth more than $12 billion as of just two weeks ago. Ether has retraced by over 27% over the last month. “The continued decline in crypto prices in the past week reflects the impaired liquidity since October 10th, as well as price technicals, which remain weak,” the company said in a statement. “A few weeks ago, we noted the likely downside for ETH prices would be around $2,500 and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum.” BitMine’s portfolio also includes 192 Bitcoin, a $38 million stake in Eightco Holdings, and $800 million in unencumbered cash. The company ranks as the world’s top Ethereum treasury — handily surpassing runner-up SharpLink Gaming with just over $2.4 billion worth — and second-largest overall crypto treasury behind Michael Saylor’s Strategy with its $57 billion in Bitcoin. Advertisement
  While BitMine and Strategy are leading the pack with their ETH and BTC treasuries, respectively, other public firms have adopted similar investment strategies for various cryptocurrencies. Forward Industries, for instance, holds…
Filed under: News - @ November 24, 2025 9:23 pm