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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.
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.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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