BitMine buys $70M ETH while Tom Lee revises Bitcoin prediction

Bitmine Expands Its Ethereum Holdings As Institutions Accumulate During Market Weakness

Ethereum has been struggling in recent weeks, with prices sliding toward important long-term support levels. Many traders are worried, selling their assets or staying away until the market becomes more stable. Sentiment has turned cautious, and short-term confidence is low. But one major player is taking a very different approach. Bitmine, a large and well-known digital asset holder, continues to steadily increase its Ethereum position. Even as …

Bitmine Immersion ramps up Ethereum holdings, signaling renewed confidence in ETH amid market turbulence.

Bitmine Immersion, the publicly traded cryptocurrency mining firm, has made headlines with a major acquisition of 96,798 ETH in a single transaction. The purchase marks one of the largest Ethereum buys by a corporate entity this quarter and highlights renewed institutional confidence in Ethereum’s long-term potential. The move comes amid a period of heightened volatility in the crypto markets and growing uncertainty around macroeconomic conditio…

BitMine Buys 23,773 ETH in Three Days as It Pushes Toward a Huge Supply Goal

Key highlights: BitMine quietly adds tens of thousands of ETH while prices fall. The company edges closer to an ambitious 5% Ethereum supply target. Tom Lee shifts his Bitcoin forecast again as markets react. BitMine Immersion Technologies (BMNR) has added 23,773 ETH over the last three days as the market continues to decline, while company chairman Tom Lee has once again adjusted his Bitcoin forecast. The move reinforces BitMine’s long-term a…

BitMine doubles down on Ether with $70M buying spree despite market slump - The Cryptocurrency Post

BitMine’s $70M Ether accumulation over three days underscores its long-running buy-the-dip strategy and thrusts its Ethereum treasury into greater focus. The purchase of 23,773 ETH executed over a weekend and the following Monday concentrates attention on balance-sheet risk, market influence, and the outlook for institutional crypto adoption. BitMine added 23,773 ETH in early December 2025, buying 7,080 ETH for $19.8M on a Monday and 16,693 ETH …

BitMine Purchases $70 Million Worth of Ethereum During Recent Market Downturn

BitMine bought $70 million worth of Ether over three days during the recent market dip. The company now holds 3.7 million ETH and aims to control 5% of total supply. Large Ethereum wallets increased holdings by 52% since April while smaller holders reduced theirs. BitMine Immersion Technologies purchased nearly $70 million worth of Ether over three days ago during a recent market downturn. Blockchain data from Lookonchain shows the company acqui…

Ethereum Price Drifts Lower As Tom Lee's BitMine Buys $70M ETH

The Ethereum price drifted lower as Tom Lee's BitMine took the opportunity to buy the dip with another $70 million in ETH.