BitMine Immersion Bolsters Ethereum Reserves with Multi-Million Dollar Acquisition Amidst Bullish Forecasts from Chairman Tom Lee
In a significant move underscoring its unwavering commitment to digital assets, BitMine Immersion (BMNR), recognized as the world’s second-largest cryptocurrency reserve company, has once again expanded its Ethereum (ETH) holdings. On-chain data reveals a substantial acquisition of 14,618 ETH, valued at approximately $44.34 million, executed in the early hours of today, November 28th.
On-Chain Transparency Confirms Latest ETH Purchase
The transaction, tracked meticulously by Arkham Intelligence, shows BitMine’s corporate wallet, identified as “0xbd0…E75B8,” acquiring the Ethereum from prominent cryptocurrency custodian BitGo around 6:07 AM. While BitMine has yet to issue an official statement regarding this specific purchase, the clear and verifiable on-chain footprint leaves little doubt about the company’s latest strategic investment.
Tom Lee(@fundstrat)’s #Bitmine just bought another
14,618 $ETH($44.34M) 4 hours ago.https://t.co/P684j5Yil8 pic.twitter.com/LHOpDto1R5— Lookonchain (@lookonchain) November 28, 2025
BitMine’s Growing Ethereum War Chest
This latest acquisition follows closely on the heels of another significant move just days prior, when BitMine announced a $200 million increase in its Ethereum holdings. As per its most recent official disclosures, BitMine Immersion now commands a staggering 3,629,701 ETH in its asset reserves, an amount valued at approximately $10.9 billion. This impressive figure represents roughly 3% of Ethereum’s total circulating supply, solidifying BitMine’s position as a major player in the institutional crypto landscape.
Tom Lee: A Staunch Advocate for Ethereum’s Future
At the helm of BitMine Immersion is Chairman Tom Lee, a well-known figure in financial markets and a vocal proponent of Ethereum. Lee has consistently expressed his strong conviction in Ethereum’s potential, frequently asserting that both Wall Street powerhouses and the U.S. White House are likely to favor Ethereum for future blockchain applications due to its robust ecosystem and enterprise-grade capabilities.
Optimistic Market Forecasts Despite Recent Volatility
Despite a recent period of corrective pullbacks across Bitcoin (BTC), Ethereum, and the broader cryptocurrency market, Tom Lee maintains an optimistic outlook. In a recent podcast interview, he shared his projections for Ethereum, anticipating a bottoming out around the $2,500 mark before a significant surge to the $7,000 to $9,000 range by the end of January 2026.
Lee’s bullish sentiment extends to Bitcoin as well. During a recent interview with CNBC, he articulated his belief that the U.S. Federal Reserve will adopt a more dovish stance by year-end, thereby alleviating market pressures. This anticipated shift, he suggests, could propel Bitcoin past the $100,000 threshold and even challenge new all-time highs before the close of the year. Notably, this latest forecast represents a more tempered outlook compared to some of his past, more ambitious predictions, as indicated by recent market commentary.
Current Market Snapshot
As of the latest data from CoinGecko, Bitcoin is currently trading at approximately $91,023, experiencing a slight daily dip of 0.4%. Ethereum, in parallel, is priced around $3,004, reflecting a modest 0.9% decrease over the same period.
Tom Lee 不喊「25 萬美元」了！比特幣年底創高從「篤定」變「有機會」
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