Tom Lee's Bitmine Continues to Build Ethereum Treasury Amid Price Volatility

Bitmine Immersion Technologies, led by Tom Lee, continues to expand its Ethereum treasury. The company has added almost 10,000 ETH over the past week, bringing its total holdings to 5,787,414 ETH, worth more than $11 billion at current prices.

This purchase is smaller compared to last month's 52,000 ETH acquisition, but it remains a significant accumulation of Ethereum tokens. The firm has been buying ETH for over a year, since launching the Ethereum Treasury Strategy on June 30, 2025.

Chairman Tom Lee remains bullish on Ethereum, citing the strengthening of the ETH/BTC pair and recent technical momentum. He believes that $2,000 and $2,500 are key obstacles to a major recovery for the largest altcoin.