$BTC 🚨 BitMine Buys $44M in Ethereum as Tom Lee Turns Strongly Bullish
BitMine Immersion Technologies, led by Tom Lee, has reportedly added 14,618 ETH to its corporate treasury, worth around $44.34 million.
On-chain data from Lookonchain (via Arkham) shows the purchase was made through wallet “0xbd0…E75B8” via BitGo at around 5:07 p.m. yesterday — though BitMine has not yet officially confirmed the transaction.
Just days earlier, the world’s largest ETH-holding company announced an additional $200 million ETH purchase. BitMine now holds 3,629,701 ETH (≈ $10.9B), representing ~3% of the entire Ethereum supply.
The company aims to accumulate 5% of all ETH and continues to position Ethereum as a key network for future financial infrastructure. Tom Lee has repeatedly praised ETH as a “truly neutral chain” favored by Wall Street and U.S. policymakers.
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📈 ETH to $9,000? Tom Lee’s New Target
Crypto markets have been under pressure recently, but Tom Lee remains optimistic.
In a recent podcast, he predicted:
🔹 ETH may bottom near $2,500,
🔹 Then climb to $7,000–$9,000 by January 2026.
In a CNBC interview, he also said he expects the Federal Reserve to turn dovish by year-end — potentially boosting market sentiment. Lee believes Bitcoin could push past $100,000 or even hit a fresh all-time high.
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🟦 Market Snapshot (via The Block)
• BTC: $91,309 (+0.13%)
• ETH: $3,018 (-0.69%)
