Tom Lee’s BitMine Adds $820M Worth of Ethereum as ETH Rebounds
Highlights
- BitMine expands Ethereum treasury to $13.4 billion amid $820 million new accumulation.
- Ethereum rebounds 211% in six months as staking demand surges globally.
- BitMine stock jumps 782%, coinciding with record $13.7 billion Ethereum inflows.
BitMine Immersion Technologies chaired by Fundstrat’s Thomas “Tom” Lee, has accumulated roughly $820 million in ETH purchases. The move coincides with a sharp rebound in ETH price.
BitMine Strengthens Lead as World’s Largest Ethereum Treasury
Based on an official statement, BitMine has now expanded its Ethereum treasury to more than 2.83 million ETH. It is now worth over $13.4 billion in combined crypto and cash reserves. BitMine’s crypto portfolio includes 2,830,151 ETH, 192 Bitcoin, $456 million in cash, and a $113 million equity stake in Eightco Holdings (NASDAQ: ORBS).
These positions place the firm as the world’s largest Ethereum treasury. It is also the second-largest overall crypto holder, trailing only Strategy Inc. (MSTR), which controls over 640,000 BTC valued at about $79 billion.
Ethereum Rebound Fuels BitMine’s 782% Stock Surge
The announcement arrives as Ethereum (ETH) continues its strong rebound, climbing to $4,598, a 1.85% daily rise and over 211% growth in the past six months, according to TradingView data. The rally extends Ethereum’s year-to-date gains to nearly 38%.
The price with such growing institutional staking and anticipations of increased integration of blockchain in financial markets are seen to benefit. The recent launch of the first Ethereum staking ETF is also accelerating this demand. This has reinforced expectations of broader institutional participation in ETH.
BMNR recovered by 9% to trade at $61.90, as more investors showed increasing interest in it. The firm’s stock has also risen by 631% since the start of the year, and 782% in the last six months. The move underscores BitMine’s position among the fastest-rising blockchain equities on Wall Street.
Record $13.7B Ethereum Inflows as BitMine Trading Volume Soars
Fresh data from CoinShares highlights the growing institutional appetite for Ethereum. The firm reported $1.48 billion in Ethereum inflows last week. This pushed year-to-date inflows to a record $13.7 billion, almost three times higher than last year’s total.
On-chain data shows Ethereum exchange supply continues to decline. This indicates investors are moving assets off exchanges in anticipation of further price stability. Bitcoin led with $3.55 billion weekly inflows and $27.5 billion year-to-date.
With an average daily trading volume of $2.5 billion, BitMine is now the 28th most-traded stock in the U.S., sitting just behind JPMorgan and ahead of Nike in turnover. The rapid growth of the company denotes the great level of investor confidence in the company treasury policy.
- Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally
- Robinhood Outage Reported by Users, HOOD Stock Drops
- Crypto Crime Hits $2.47 Billion in H1 2025, With Wallet Hacks on the Rise
- ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
- Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
