Tom Lee's BitMine Adds Over 100K ETH, Total Holdings Approaching 4 Million

Source: CryptoNewsNet Original Title: Tom Lee’s BitMine adds over 100K ETH, total holdings approaching 4 million Original Link: https://cryptonews.net/news/ethereum/32139789/

Overview

BitMine Immersion Technologies has acquired 102,259 ETH over the past week, raising its total Ethereum holdings to nearly 4 million tokens. The company, led by Thomas “Tom” Lee, now controls over $13 billion in combined crypto and cash assets, with its latest acquisition bringing Ethereum holdings to slightly more than 3% of the total coin supply.

Market Recovery and Confidence

Lee commented on recent market developments: “Crypto prices have stabilized in the past week, further evidence that crypto prices have begun to recover after the price shock of October 10.”

The Chairman attributed the renewed confidence to:

• Recent regulatory clarity
• Positive legislative developments in the US
• Strong institutional support

These factors underscore the company’s ongoing push toward its “alchemy of 5% target.”

Global Crypto Treasury Rankings

BitMine now holds the largest Ethereum treasury globally and ranks as the second-largest crypto treasury worldwide, with its combined holdings exceeding $13 billion.

Future Plans

The company plans to launch its staking solution, The Made in America Validator Network, in early 2026, while continuing to pursue its Ethereum accumulation strategy.