The post Tom Lee’s BitMine Buys $81 Million in Ethereum as ETH Hits $2,500 appeared on BitcoinEthereumNews.com.
Ethereum price broke above $2,500 this week during a sharp market-wide rally, and BitMine Immersion Technologies used the moment to make its largest weekly purchase since early July. The Tom Lee-chaired firm added 32,447 ETH, pushing its position closer to a stated “5% Alchemy” target. Ethereum (ETH) Price Performance. Source: BeInCrypto BitMine’s Largest Purchase in Weeks BitMine spent $81 million to buy the new tokens, bringing its total holdings to 5,847,611 ETH, valued at approximately $14.6 billion at current prices. Including 210 Bitcoin (BTC), stakes in Beast Industries and Eightco Holdings, and $308 million in cash and marketable securities, the company reported a combined treasury of $14.9 billion, up from $11.4 billion the previous week. The company has purchased ETH every single week since launching its treasury strategy on June 30, 2025, a run of roughly 14 months without interruption. Its current holdings amount to roughly 4.8% of Ethereum’s total supply, putting the firm about 97% of the way toward the 5% threshold it has pursued publicly since the strategy began. Tom Lee’s Bitmine has bought another $81M worth of Ethereum, marking its largest weekly ETH accumulation since early July. The purchase comes as ETH has surged around 30% over the past week, with Lee suggesting this move could be the beginning of a much larger trend. While many… pic.twitter.com/jm3h1cE42m — That Martini Guy ₿ (@MartiniGuyYT) August 24, 2026 Roughly 5,067,309 ETH, or 87% of BitMine’s holdings, sits staked through its Made in America Validator Network. The company projects that the position could generate around $330 million in annualized revenue, though actual returns depend on network conditions and validator performance rather than being guaranteed. Why Tom Lee Sees This Rally as Different ETH traded near $2,511 as of August 24, according to BeInCrypto data, after surging roughly 30% over the…