Ethereum Price Holds as Tom Lee’s BitMine Makes Biggest ETH Buy Since June

Ethereum price is grinding steadily, but its quiet number masks a much louder signal underneath. BitMine Immersion Technologies, chairman Tom Lee’s crypto treasury vehicle, just made its largest single ETH purchase since June.

BitMine picked up 53,501 ETH worth $131 million, pushing its total stack to 5,901,112 ETH, or valued near $14.8 billion at a $2,511 reference price. That’s 4.9% of Ethereum’s entire circulating supply, putting the firm 98% of the way toward its self-described “Alchemy of 5%” target.

The buy also extends an unbroken streak: BitMine has bought ETH every single week since June 30, 2025, now 65 weeks running. Lee says Ethereum has outpaced the S&P 500 by 5,430 basis points this quarter alone.

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