BitMine Immersion Acquires 14,618 ETH in Strategic Purchase
- BitMine buys 14,618 ETH under Tom Lee’s leadership.
- Purchase adds to BitMine’s $200M Ethereum spree.
- Goal to control 5% of total ETH supply.
BitMine Immersion, led by Tom Lee, acquired 14,618 ETH for $44.3 million on November 28, 2025, augmenting its robust crypto holdings.
This substantial acquisition bolsters BitMine’s crypto strategy, reflecting confidence in Ethereum’s growth, despite current market conditions with ETH prices remaining stable at around $3,030.
BitMine Immersion Technologies has acquired 14,618 ETH worth $44.3 million as part of a larger purchase strategy, increasing their holdings to 3% of Ethereum’s supply. This move highlights continued confidence in cryptocurrency investment.
Led by market strategist Tom Lee, BitMine aims to accumulate ETH, targeting 5% of the total supply. The purchase aligns with Lee’s renowned bullish stance on both Ethereum and Bitcoin, though no direct statements have been released.
“Despite the current market conditions, our commitment to accumulating Ethereum reflects our confidence in its long-term potential.” – Tom Lee, Founder/Chairman, BitMine Immersion Technologies, Coinpedia
The immediate market effect was muted, as Ethereum’s price held around $3,030. Weak liquidity conditions and ETF outflows cushioned any potential upward price movement, despite the significant acquisition.
Financial implications include potential shifts in ETH’s liquidity and staking flows. Although BitMine’s purchase strategy suggests upward market pressure, the current market softness tempers immediate gains, according to expert analysis.
BitMine’s aggressive buying may influence Ethereum’s future network strength without immediate price spikes. Market dynamics remain steady with ongoing cautious sentiment.
Experts view BitMine’s acquisition as reminiscent of past institutional buys signaling network growth. Such moves often bolster Ethereum’s value proposition long-term, despite short-term market volatility and liquidity challenges.
