‘Ethereum has already bottomed’: Tom Lee’s BitMine reportedly adds $112 million in ETH to treasury

BitMine, the Ethereum treasury firm co-founded by Tom Lee, reportedly purchased $112 million worth of ETH on Wednesday, acquiring 33,504 ETH via FalconX, though this transaction remains unconfirmed by the company. BitMine maintains a goal of accumulating 5% of the total ether supply and has consistently bought ETH this year. As of December 7, the firm held 3,864,951 ETH, 193 BTC, and $1 billion in cash. Lee maintains a bullish stance, previously stating Ethereum's bottom was $2,500 and predicting a rise to $7,000–$9,000 by late January, recently noting that the amount of ETH they are buying has doubled compared to two weeks prior. Separately, Lee predicted crypto prices would reverse in early 2026, driven by a potential shift to a dovish Fed Chair and the ISM Index moving above 50, which historically signals major crypto cycles.

(Source：The Block)