The purchase was first flagged by on-chain analytics firm Lookonchain, which tracked the transaction from the crypto brokerage FalconX to wallets associated with BitMine. This acquisition is part of a massive, ongoing accumulation strategy that has seen BitMine transform from a Bitcoin miner into the world’s largest corporate holder of Ethereum.

The "Alchemy of 5%" Strategy

BitMine is currently executing what it calls the "Alchemy of 5%," a mission to acquire 5% of the entire circulating supply of Ethereum. With this latest $88.73 million purchase, the company’s holdings are estimated to have reached nearly 4 million ETH, representing over 3.2% of the total supply.

To put the scale of this treasury in perspective:

  • Total Valuation: BitMine's Ethereum stash is currently valued at over $12 billion.

  • Market Position: BitMine is now the #1 Ethereum treasury globally and ranks second only to MicroStrategy (which holds Bitcoin) in terms of total corporate crypto reserves.

  • Institutional Backing: The firm is supported by heavyweights including Cathie Wood’s ARK Invest, Founders Fund, and Galaxy Digital.

Why Tom Lee is Buying the "Dip"

Despite Ethereum’s price trading roughly 40% below its yearly highs, Tom Lee remains aggressively bullish. He has frequently compared Ethereum’s current trajectory to a "1971 moment," referring to the modernization of the global financial system after the end of the gold standard.

Lee’s thesis relies on several key pillars:

  1. Wall Street’s Infrastructure: He views Ethereum as the "neutral chain" that major banks like JP Morgan and BlackRock are using to build the future of tokenized finance.

  2. The "Made in America" Validator Network (MAVAN): BitMine plans to launch its own staking infrastructure in early 2026, allowing the company to earn yield on its massive ETH holdings while securing the network.

  3. Price Targets: Lee has publicly forecast that Ethereum could reach between $7,000 and $9,000 by January 2026, and has even floated long-term targets as high as $62,000 based on its utility in Real-World Asset (RWA) tokenization.

Market Reaction

The news of the $88.73 million purchase comes at a time of high volatility. While institutional outflows from Ethereum ETFs have been significant in recent weeks, BitMine’s "buy the dip" mentality suggests a long-term conviction that ignores short-term market noise.

"The best years for crypto are ahead... which is why we continue to accumulate ETH towards our 'alchemy of 5%' target." — Tom Lee, Chairman of BitMine.

Would you like me to look into the performance of BitMine’s stock (BMNR) or provide more details on Tom Lee’s 2026 price predictions? by Fundstrat’s Tom Lee, reportedly acquired 30,075 Ethereum (ETH) valued at approximately $88.73 million on December 18, 2025.

The purchase was first flagged by on-chain analytics firm **Lookonchain**, which tracked the transaction from the crypto brokerage FalconX to wallets associated with BitMine. This acquisition is part of a massive, ongoing accumulation strategy that has seen BitMine transform from a Bitcoin miner into the world’s largest corporate holder of Ethereum.

The "Alchemy of 5%" Strategy

BitMine is currently executing what it calls the **"Alchemy of 5%,"** a mission to acquire 5% of the entire circulating supply of Ethereum. With this latest $88.73 million purchase, the company’s holdings are estimated to have reached nearly **4 million ETH**, representing over **3.2% of the total supply**.

To put the scale of this treasury in perspective:

* **Total Valuation:** BitMine's Ethereum stash is currently valued at over **$12 billion**.

* **Market Position:** BitMine is now the **#1 Ethereum treasury** globally and ranks second only to MicroStrategy (which holds Bitcoin) in terms of total corporate crypto reserves.

* **Institutional Backing:** The firm is supported by heavyweights including **Cathie Wood’s ARK Invest**, **Founders Fund**, and **Galaxy Digital**.

### Why Tom Lee is Buying the "Dip"

Despite Ethereum’s price trading roughly 40% below its yearly highs, Tom Lee remains aggressively bullish. He has frequently compared Ethereum’s current trajectory to a **"1971 moment,"** referring to the modernization of the global financial system after the end of the gold standard.

Lee’s thesis relies on several key pillars:

1. **Wall Street’s Infrastructure:** He views Ethereum as the "neutral chain" that major banks like JP Morgan and BlackRock are using to build the future of tokenized finance.

2. **The "Made in America" Validator Network (MAVAN):** BitMine plans to launch its own staking infrastructure in early 2026, allowing the company to earn yield on its massive ETH holdings while securing the network.

3. **Price Targets:** Lee has publicly forecast that Ethereum could reach between **$7,000 and $9,000** by January 2026, and has even floated long-term targets as high as $62,000 based on its utility in Real-World Asset (RWA) tokenization.

### Market Reaction

The news of the $88.73 million purchase comes at a time of high volatility. While institutional outflows from Ethereum ETFs have been significant in recent weeks, BitMine’s "buy the dip" mentality suggests a long-term conviction that ignores short-term market noise.

> "The best years for crypto are ahead... which is why we continue to accumulate ETH towards our 'alchemy of 5%' target." — **Tom Lee, Chairman of BitMine.**