Tom Lee’s Bitmine Buys $145M in Ethereum, Data Shows

TLDR

• Bitmine purchased 67,111 ETH worth about $144.8 million on Tuesday, according to onchain data.
• The latest acquisition increased Bitmine’s total holdings to 4.66 million ETH valued at nearly $10 billion.
• Tom Lee said the company has maintained an increased pace of ETH purchases over the past three weeks.
• Ethereum traded at $2,154 late Tuesday and remains more than 55% below its August 2025 peak.
• Bitmine’s stock closed at $20.8 on Tuesday before rising in after-hours trading.

Bitmine expanded its Ethereum holdings with a fresh $145 million purchase on Tuesday. Onchain analysts tracked the transfers from Kraken to two wallet addresses. The acquisition reinforces Bitmine’s position as the largest known corporate Ether holder.

Bitmine Expands Ethereum Holdings

Onchain data shows Bitmine acquired 67,111 ETH valued at about $144.8 million. The transfers moved from Kraken into two separate wallet addresses. EmberCN identified the transactions through blockchain tracking tools.

The latest purchase lifts Bitmine’s reported holdings to 4.66 million ETH. StrategicETHReserve data values that stack at nearly $10 billion. The total equals about 3.86% of Ethereum’s circulating supply.

Earlier, the company disclosed it bought 65,341 ETH since March 16. Tom Lee, chairman of Bitmine, addressed the strategy in a statement. He said, “Bitmine has maintained the increased pace of ETH buys in each of the past three weeks.”

Lee also described the firm’s outlook on market conditions. He said the company sees Ethereum in the final stage of a mini-crypto winter. He linked the buying pace to that assessment.

Ethereum Price and Market Data

Ethereum traded at $2,154 at 11:00 p.m. ET on Tuesday. The asset gained 1% over the previous 24 hours. However, it remains down more than 55% from its August 2025 peak near $4,900.

The implied purchase price for the latest deal stands near $2,160 per ETH. Analysts derived that figure from the transaction value and token amount. The price aligns closely with current market levels.

Ethereum has held support around the $2,000 zone in recent sessions. Traders have also tracked resistance near the $2,500 range. Market data shows steady activity on major trading pairs.

Volume patterns on ETH/USDT and ETH/BTC reflect ongoing demand. Blockchain metrics indicate growth in active addresses and transaction counts. Exchanges reported consistent liquidity during the latest session.

Stock Performance and Treasury Rankings

Bitmine’s stock, trading under BMNR, closed at $20.8 on Tuesday. The shares fell 2.21% during regular trading hours. However, the stock rebounded 1.88% in after-hours activity.

Bitmine Immersion Technologies, Inc., BMNR

Over the past six months, BMNR has declined nearly 60%. Market participants continue to monitor the stock’s movements. The share performance follows recent treasury disclosures.

StrategicETHReserve data ranks Bitmine as the largest known Ether treasury holder. SharpLink Gaming follows with about 863,021 ETH. The Ether Machine holds roughly 496,712 ETH, according to the same dataset.

These figures reflect publicly tracked wallet balances. Onchain records confirm the recent transfers into Bitmine-linked addresses. The latest purchase marks the company’s most recent disclosed Ethereum acquisition.

The post Tom Lee’s Bitmine Buys $145M in Ethereum, Data Shows appeared first on CoinCentral.