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Tom Lee's BitMine Immersion Added Another $320M in Ether, Bringing Overall Holdings Above $14B
The crypto investment firm now holds over 3.31 million ETH, moving closer to its goal of owning 5% of the token’s supply.
Updated Oct 27, 2025, 2:19 p.m. Published Oct 27, 2025, 1:38 p.m.
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What to know:
- BitMine Immersion Technologies purchased another 77,055 ether, valued at approximately $320 million, increasing its holdings to over 3.31 million ETH.
- The company's total crypto, equity and cash holdings now amount to $14.2 billion, the firm said.
BitMine Immersion Technologies (BMNR), the Ethereum-centric digital asset treasury firm led by Fundstrat's Thomas Lee, said it bought 77,055 ether over the past week, a purchase worth roughly $320 million at Monday’s prices.
BitMine's stock was 4.5% higher in the Monday session alongside about a 5% advance in ETH to above $4,100 over the weekend.
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The acquisition pushes the company’s stack to over 3.31 million ETH, about 2.8% of the total ETH supply. Overall holdings climbed to $14.2 billion in combined crypto assets including a small bitcoin stash, equity stake in treasury firm Eightco (ORBS) and cash, making it the largest known corporate ETH holder and second-largest crypto treasury overall behind Strategy (MSTR).
Thomas Lee said the purchase comes amid signs of stabilization in crypto markets following a sharp deleveraging event earlier this month. Lee cited improving U.S.–China trade talks and historically favorable conditions for crypto during equity rallies as drivers behind the move.
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