BitMine buys $44 million worth of Ethereum as Tom Lee gives bullish outlook
The Block
BitMine acquired $44.34 million in ETH, while Tom Lee maintains a bullish forecast for Ethereum and Bitcoin.Summary
BitMine Immersion Technologies reportedly purchased 14,618 ETH, valued at $44.34 million, according to Lookonchain data, although this transaction has not been officially confirmed by BitMine. This follows a recent $200 million ETH purchase, bringing their total holdings to approximately 3.63 million ETH, representing about 3% of the total supply, as the company aims for 5% ownership. BitMine Chair Tom Lee remains bullish on Ethereum, suggesting it will be favored by Wall Street and the White House, and predicts ETH will rise to $7,000-$9,000 by January 2026, despite recent market downturns. Lee also anticipates Bitcoin could surpass $100,000 by year-end.
(Source：The Block)