Tom Lee’s crypto treasury firm adds 9,926 ETH, bringing total holdings to 5.815 million tokens amid bullish macro outlook.
Bitmine Immersion, led by Tom Lee, increased its Ethereum holdings to 5.815 million ETH, valued at $11 billion, after purchasing 9,926 ETH last week. The move marks a continuation of its buying streak since June 2025, pushing its share of Ethereum’s total supply to 4.8%.
The company aims to reach a 5% stake, citing growing demand from tokenization, AI applications, and easing financial conditions. Ethereum’s price, currently at $1,904, has risen 1.6% in the past 24 hours, while Bitmine’s stock (BMNR) gained over 2% today.
Lee noted the ETH/BTC ratio breaking a long-term downtrend, signaling improving sentiment for Ethereum. The firm’s strategy aligns with expectations of broader crypto market support from macroeconomic tailwinds.