Tom Lee's BitMine adds 20,000 $ETH worth $65 Million giving a strong bullish signal for Ethereum 👇

A wallet linked to BitMine Immersion Technologies, the crypto treasury firm chaired by Fundstrat co-founder Tom Lee, has continued its aggressive Ethereum accumulation strategy, recently scooping up 20,000 ETH (≈ $65 million) in fresh purchases. This latest buy is part of a broader run where BitMine’s total Ethereum holdings have grown by roughly 44,000+ ETH in just a few days, amounting to tens of millions of dollars worth of ETH added to its treasury.

BitMine’s strategy isn’t new — the firm has been scaling up its Ethereum reserves throughout 2025 and into early 2026, with cumulative acquisitions putting its ETH stash at millions of tokens, representing a significant slice of the circulating supply. Some reports suggest BitMine now controls well over 3 % of total ETH supply through ongoing buys and staking commitments.

Rather than trading in and out with short-term sentiment, BitMine appears to be executing a strategic treasury build-out — similar to how other firms have historically approached Bitcoin accumulation — aimed at establishing a large ETH position that could appreciate over time.

That said, these purchases don’t guarantee short-term price spikes. Large buys are often spread out over time to minimize market impact, and the broader market still responds to macro trends, ETF flows, and network fundamentals. But BitMine’s continued buying during periods of volatility suggests a long-horizon view on Ethereum’s value proposition, especially as staking demand and institutional interest grow.

In simple terms, BitMine’s latest 20,000 ETH purchase adds to an already aggressive accumulation cadence, reinforcing the narrative that at least some institutional players are betting big on Ethereum’s future, not just in price but in network utility and staking economics.

#MarketRebound