BitMine’s aggressive ETH accumulation combined with Tom Lee’s ambitious price projections underscores rising expectations for a strong Ethereum recovery in the coming months.
BitMine Immersion Technologies made another major move by purchasing an additional 14,618 ETH as part of its strategy to expand its institutional Ethereum treasury. Arkham Intelligence data confirmed the transaction worth roughly 44.34 million dollars while on chain activity shared by Lookonchain pointed to BitMine as the initiator. Although the firm has not issued an official statement, the transfer being executed through the BitGo managed address “0xbd0…E75B8” drew market attention.
This acquisition followed the company’s recently announced 200 million dollar expansion plan and pushed BitMine’s total holdings to 3,629,701 ETH. With a market value of about 10.9 billion dollars this amount represents approximately three percent of Ethereum’s circulating supply. The management reiterates that reaching five percent of the total supply is their long term objective and believes Ethereum will continue strengthening its role in financial infrastructure.
Tom Lee’s recent commentary adds further momentum to this narrative. He expects ETH to briefly dip toward 2,500 dollars but forecasts a strong rally toward seven to nine thousand dollars by the end of January 2026. Lee also anticipates the Federal Reserve turning more accommodative before year end which in his view could trigger a new wave of upward movement for both Bitcoin and Ethereum. At press time Bitcoin traded at 91,309 dollars and Ethereum at 3,018 dollars.
