The post Tom Lee’s BitMine reveals it increased its ETH holdings to a staggering $12.3 billion during the recent dip appeared on BitcoinEthereumNews.com.

Bitmine Immersion Technologies, a Bitcoin mining powerhouse turned ETH evangelist, has revealed it now owns over 3.5 million ETH, worth a staggering $12.3 billion, with plans to push that value even higher by 2026.  The news comes just as Propanc Biopharma inked a game-changing $100 million private placement with Hexstone Capital that will go towards building a digital asset treasury it will then use to advance the development of new treatments. BitMine now owns 2.9% of all ETH  BitMine Immersion Technologies has announced that it took the recent dip in ETH as an opportunity to buy more, and now its holdings total $13.2 billion. The company’s crypto holdings now comprise 3,505,723 ETH at $3,639 per ETH, 192 Bitcoin (BTC), $61 million stake in Eightco Holdings, and unencumbered cash of $398 million. “The recent dip in ETH prices presented an attractive opportunity and BitMine increased its ETH purchases this week,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. “We acquired 110,288 ETH tokens over the past week, 34% more ETH acquired compared to the week prior. This pushed our ETH holdings to 3.5 million, or 2.9% of the supply of ETH. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH. Additionally, BitMine increased our cash holdings to $398 million from $389 million.” With its current stash, BitMine crypto holdings are now regarded as the number one Ethereum treasury and number two global treasury, behind Strategy Inc. (MSTR), with its 641,205 BTC valued at $67 billion. As far as ETH is concerned, however, BitMine comes first. “This past week, BitMine and the Ethereum Foundation hosted an event at the revered NYSE building, hosting many financial institutions for a summit,” Lee also said. According to him, the event is proof that Wall Street is…

---

Filed under: News - @ November 10, 2025 9:31 pm