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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
04/25/2026

Tom Lee's BitMine Acquires Additional $23M in ETH

BitMine Immersion Technologies, led by Fundstrat's Tom Lee, completed its second major Ethereum purchase directly from the Ethereum Foundation.

Tom Lee's BitMine Acquires Additional $23M in ETH

What happened: BitMine Immersion Technologies, led by Fundstrat's Tom Lee, completed its second major Ethereum purchase directly from the Ethereum Foundation. The $23 million acquisition adds to BitMine's growing ETH treasury position.

Why it matters: Direct purchases from the Ethereum Foundation are rare and signal deep conviction in ETH's long-term value. BitMine's repeated large-scale acquisitions suggest institutional players view current ETH prices as attractive entry points below $2,400.

Source: Decrypt