Tom Lee’s BitMine Bought 138,452 ETH Last Week — Holdings Now 3.86M ETH (~3.2% of supply) as It Targets 5%

first published 2025-12-09T08:08:01Z

BitMine Immersion Technologies accelerated ETH accumulation in December, purchasing 138,452 ETH last week (a 156% increase vs. the prior four weeks) and bringing total holdings to 3.86 million ETH (over 3.2% of circulating supply). The firm has bought 2.83M ETH between June 30 and Oct. 5 and added 1.03M ETH after Oct. 5, and is roughly two-thirds of the way to a stated goal of controlling 5% of ETH. Purchases occurred amid short-term market pressure from rising exchange inflows and ETF outflows; ETH fell about 24.8% since early October but was up ~4% in December. BitMine chairman Tom Lee cited the Fusaka upgrade and a more accommodative Fed policy as catalysts for the buying.

AI Analysis

Bullish signal: BitMine added 138,452 ETH last week (156% increase vs prior 4 weeks) and now holds 3.86M ETH (>3.2% of circulating supply) while pursuing a 5% target; company cited Fusaka upgrade and easier Fed policy as catalysts. Impact rated moderate because purchases are sizable and increase a large holder’s stake but occurred amid offsetting short-term market pressures (rising exchange inflows and ETF outflows) and after a ~24.8% decline since early October, limiting an immediate, unambiguous trading signal.

Source Articles