{"id":13521,"date":"2025-10-16T07:57:10","date_gmt":"2025-10-16T07:57:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-adds-417m-to-ethereum-treasury-as-tom-lee-doubles-down-on-10k-eth-by-year-end\/"},"modified":"2025-10-16T07:57:16","modified_gmt":"2025-10-16T07:57:16","slug":"bitmine-adds-417m-to-ethereum-treasury-as-tom-lee-doubles-down-on-10k-eth-by-year-end","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-adds-417m-to-ethereum-treasury-as-tom-lee-doubles-down-on-10k-eth-by-year-end\/","title":{"rendered":"BitMine adds $417m to Ethereum treasury as Tom Lee doubles down on $10k ETH by year-end"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Institutional accumulation of ETH is not slowing down, as BitMine makes yet another move to expand its treasury.<\/p>\n<div id=\"cn-block-summary-block_73b5557676a082b5bf6437c9142b3995\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BitMine expands Ethereum treasury with $417M purchase, adding 104,336 ETH and bringing total holdings to over 3.03 million ETH.<\/li>\n<li>The company has now accumulated more than 300,000 ETH in the past week, underscoring increased institutional confidence in ETH as a treasury asset.<\/li>\n<li>Chairman Tom Lee predicts Ethereum could hit $10,000\u2013$12,000 by end of 2025, citing corporate adoption, tokenization growth, and favorable U.S. regulation as key drivers.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BitMine has added $417 million worth of Ethereum to its corporate reserves, reinforcing its position as the largest public holder of the asset. On-chain data <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/1978631764110451155?s=46\">reported<\/a> by Lookonchain shows the company purchased 104,336 ETH over the past seven hours, distributing the tokens across three new wallets through transfers from Kraken and BitGo. <\/p>\n<p>Following the latest acquisition, BitMine\u2019s total Ethereum holdings have surpassed 3.03 million Ethereum (ETH), representing more than 2.5% of the total supply. The company has accumulated over 300,000 ETH in the past week alone, taking advantage of recent price dips to expand its reserves. <\/p>\n<p>The move aligns with the firm\u2019s continued strategy of aggressively buying into market pullbacks, described by its Chairman Tom Lee as buying assets at a \u201csubstantial discount to the future.\u201d<\/p>\n<p>Reaching the 3 million ETH mark now puts BitMine halfway toward its long-term goal of eventually controlling 5% of all ETH in circulation, a level that would give it meaningful influence over network liquidity and staking infrastructure. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The company aims to position itself as a major force within the Ethereum ecosystem, reinforcing its view of ETH as a core institutional asset.<\/p>\n<h2 class=\"wp-block-heading\">$10k ETH still a possibility? BitMine Chair stays bullish<\/h2>\n<p>Bitmine CEO Tom Lee has predicted ETH could reach $10,000 to $12,000 by the end of 2025. Speaking on a recent Bankless <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=FpO2RllR7b8\" target=\"_blank\" rel=\"nofollow\">podcast<\/a>, Lee reaffirmed his take on  Ethereum as a \u201cneutral chain\u201d favored by Wall Street, citing its decentralized structure, growing institutional adoption, and role in government tokenization pilots.<\/p>\n<p>Lee said his outlook is driven by a convergence of corporate and sovereign adoption, positive U.S. regulatory sentiment, and the broader shift toward tokenized finance. He emphasized Ethereum\u2019s reputation as a politically neutral and censorship-resistant blockchain, suggesting these traits will attract large-scale institutional inflows in the coming months.<\/p>\n<p>ETH\u2019s market performance, however, remains subdued. The token is currently trading at $4,022, down over 2% on the day and more than 10% from early October highs above $4,600. The pullback follows broader market weakness, though institutional accumulation and treasury expansion continue to provide support.<\/p>\n<p>To reach Lee\u2019s $10,000 target, ETH would need to rally more than 150% from current levels. Such a move would likely depend on renewed risk appetite, steady ETF inflows, and stronger macro conditions.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Institutional accumulation of ETH is not slowing down, as BitMine makes yet another move to expand its treasury. Summary BitMine expands Ethereum treasury with $417M purchase, adding 104,336 ETH and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13521"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13521\/revisions"}],"predecessor-version":[{"id":13522,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13521\/revisions\/13522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8838"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}