Tom Lee is confident that "Ethereum has bottomed out"! BitMine invests an additional $112 million to buy up.

2025-12-18 07:29:16

Global second-largest Crypto reserve company BitMine Immersion (stock ticker: BMNR) continues to increase its holdings, earlier today adding approximately $112 million worth of Ethereum.

According to on-chain analyst EmberCN, BitMine around 6 a.m. this morning, through the trading platform FalconX, purchased 33,504 ETH in one go.

The largest Ethereum treasury company Bitmine (BMNR) continued to increase ETH holdings today:
2 hours ago, received 33,504 ETH from FalconX ($112 million).

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This article is sponsored by @Bitget｜Bitget VIP, lower fees, bigger benefits pic.twitter.com/o0kjD4LyjK

— Ember (@EmberCN) December 11, 2025

BitMine has not officially confirmed this transaction, but the company has maintained a steady pace of accumulating Crypto this year and repeatedly reiterated its goal to ultimately hold 5% of the total Ethereum supply, betting on Ethereum playing an increasingly important role in future financial systems.

According to the latest 8-K filing, as of December 7, BitMine holds a total of 3,864,951 ETH, 193 BTC, $1 billion in cash, and assets worth $36 million in Worldcoin (WLD) held by reserve company Eightco Holdings.

BitMine Chairman Tom Lee remains firmly bullish on Ethereum and the Crypto market. Last month, he pointed out that Ethereum “bottomed out around $2,500,” and predicted that ETH could surge to the $7,000 to $9,000 range before the end of January next year.

Recently, on the “Farokh Radio” Podcast, he confidently stated: “BitMine believes ETH has already bottomed. Compared to two weeks ago, the amount of ETH we bought has doubled.”

ETH-0,74%

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