Bitmine Immersion Technologies (NYSE:BMNR), a firm tied to Wall Street strategist Tom Lee, has just purchased roughly $233 million worth of Ethereum (CRYPTO: ETH). That is more than 100,000 ETH added in a single move, and it stands as one of the largest corporate Ethereum buys we have seen this year.
When one of Wall Street’s most respected voices puts such a huge amount into a single asset in seven days, it’s a clear statement.
BitMine Just Cornered 4% of Ethereum’s Entire Supply
Since december, 2025, this is the largest weekly ethereum purchase. Right now, BitMine Immersion Technologies hold close to 4% of the entire ethereum supply with nearly 5 million ETH tokens sitting in its balance sheet.
Bitmine is not jumping in and out of Ethereum with the aim to catch short-term price swings. The company has been building its position steadily, and this latest purchase is just another step in that direction.
The message behind this massive move is simple: tom lee believes ethereum will be worth a lot more over time, and investors shouldn’t take this signal likely.
While many believe the crypto winter may last through the fall of 2026, Lee’s view is slightly different. He believes that the next …