Bitmine Adds $15 Billion in Ethereum Holdings as Tom Lee Eyes Year-End Rally
Bitmine Immersion Technologies has made significant additions to its Ethereum holdings, acquiring 27,180 ETH over the past week. The company's treasury now stands at 5,956,378 ETH, accounting for approximately 4.9% of Ethereum's total 122 million-token supply.
The value of Bitmine's Ethereum position is substantial, with a price tag of nearly $15 billion based on Coinbase's price of $2,513 per ETH. This represents the majority of the company's reported portfolio value of $15.8 billion.
Bitmine chairman Tom Lee attributes the potential for a year-end crypto rally to U.S. legislation and institutional demand. He specifically mentions the approaching CLARITY Act vote as one of several events that could support crypto demand during the final months of 2026.