Tom Lee’s BitMine Buys $81 Million in Ethereum as ETH Hits $2,500

Ethereum price broke above $2,500 this week during a sharp market-wide rally, and BitMine Immersion Technologies used the moment to make its largest weekly purchase since early July.

The Tom Lee-chaired firm added 32,447 ETH, pushing its position closer to a stated "5% Alchemy" target.

BitMine's Largest Purchase in Weeks

BitMine spent $81 million to buy the new tokens, bringing its total holdings to 5,847,611 ETH, valued at approximately $14.6 billion at current prices.

Including 210 Bitcoin (BTC), stakes in Beast Industries and Eightco Holdings, and $308 million in cash and marketable securities, the company reported a combined treasury of $14.9 billion, up from $11.4 billion the previous week.

The company has purchased ETH every single week since launching its treasury strategy on June 30, 2025, a run of roughly 14 months without interruption.

Its current holdings amount to roughly 4.8% of Ethereum's total supply, putting the firm about 97% of the way toward the 5% threshold it has pursued publicly since the strategy began.

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