Tom Lee’s BitMine Adds $113 Million Worth of ETH to Treasury: On-Chain Data

BitMine Immersion Technologies, led by Tom Lee, added 27,316 ETH, worth approximately $113 million, to its treasury holdings. The company holds the largest reserve of ETH globally. The company announced on Monday, October 27, 2025, that its total holding, including both crypto and cash, has reached $14.2 billion. 

BitMine Adds $113 Million Worth of ETH 

The company reported ETH reserves exceeding 3.31 Million Tokens. As per the data released, the treasury holding is divided into 3 components: the BitMine crypto, cash holdings, and “Moonshots”. The company’s crypto stash consists of 3,313,069 ETH at $4,164 per ETH and 192 Bitcoin (BTC) as of 26th October. The company’s holdings include $88 million in Eightco Holdings, a company focused on cutting-edge technologies, such as developing AI-resistant identity verification, and is traded on NASDAQ under the ticker ORBS. Additionally, BitMine Immersion Technologies holds unencumbered cash of $305 million.

The leading crypto company, chaired by Tom Lee, tops the ETH treasury list and holds 2.8% of the total Ethereum supply. The recent acquisitions are bringing the company closer to its goal of ‘Alchemy of 5%’, a strategy envisioned by BitMine to acquire 5% of total ETH. BitMine trading under the ticker BMNR is the 46th most traded stock in the US. The company previously acquired 77,055 ETH over the past week. 

Lee stated that in the aftermath of crypto’s largest-ever single-day deleveraging event on October 10th, crypto trading volumes were still recovering, which also affected crypto equities. He believed that the easing of US-China trade tensions would encourage investors to increase ‘open interest’ and, therefore, associated trading volumes should improve in the coming weeks. He further added that BitMine continued to attract institutional investor capital as its high liquidity was appealing, and the combined trading volume share of BitMine and MSTR was now 88% of all global DAT trading volume. He also noted that they continued to lead their crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of their stock.

Although Bitmine’s new ETH acquisition sent bullish signals to the market, the investors seem to have responded more strongly to the ETH selling by ETHZilla. The company sold $40M ETH to fund their share buyback program. 

How is Etherium Faring Today?

The ETH is currently trading at around $4,023.68; the price went down by around 2.43%  in the past 24 hours. The market cap touched $485.33B. The token failed to hold $4100 psychological level. ETH is currently trading below the 50-day Simple Moving Average. The dip is largely attributed to institutional selling by ETHZilla and the technical failure to hold $4100.

Additionally, the investors have entered into a state of macrocaution as the Fed rate cuts are nearing. The upcoming Fusaka upgrade is the silver lining on the horizon; it is scheduled for December 3rd. As for today, the traders are closely watching whether ETH can hold onto $4000 level; if not, a dip to $ 3,882.3 is anticipated.