{"id":9789,"date":"2025-09-04T13:58:50","date_gmt":"2025-09-04T13:58:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-surges-as-tom-lees-bitmine-buys-358m-eth\/"},"modified":"2025-09-04T13:58:54","modified_gmt":"2025-09-04T13:58:54","slug":"ethereum-price-surges-as-tom-lees-bitmine-buys-358m-eth","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-surges-as-tom-lees-bitmine-buys-358m-eth\/","title":{"rendered":"Ethereum price surges as Tom Lee\u2019s BitMine buys $358M ETH"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>Ethereum\u2019s price momentum is getting a boost from big-money moves. BitMine Immersion Technologies has just added hundreds of millions worth of ETH to its holdings, marking one of the largest single-day purchases this year.<\/p>\n<div id=\"cn-block-summary-block_2e3807eaffb38a70fc4b657450462537\" 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 bought 80,325 ETH worth $358 million, boosting its total stash to 1.87 million ETH valued at $8.1 billion.<\/li>\n<li>Corporate treasuries now hold over 4.7 million ETH, with BitMine leading ahead of SharpLink Gaming and The Ether Machine.<\/li>\n<li>The company is pursuing its \u201calchemy of 5%\u201d goal, aiming to secure 5% of ETH\u2019s supply as part of its long-term infrastructure strategy.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On-chain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/bitmine\" target=\"_blank\">data<\/a> from Arkham shows BitMine acquired 80,325 ETH (ETH) in its latest move, a purchase worth about $358 million. Of this, 14,665 ETH valued at $64.7 million came through Galaxy Digital\u2019s over-the-counter desk, executed in six separate transactions.<\/p>\n<p>The remaining bulk of the purchase was sourced from FalconX, where the firm pulled in over 65,000 ETH worth nearly $293 million. Combined, the transactions mark one of the largest institutional Ethereum acquisitions seen so far this year.<\/p>\n<p>With this latest haul, the Tom Lee-led company has taken its ETH reserves to new highs, strengthening its position as a dominant force among institutional buyers. The company has been vocal about its long-term ambition of amassing as much as 5% of the total ETH supply, a milestone it describes as the centerpiece of its Ethereum accumulation strategy.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Chart showing BitMine\u2019s Ethereum holdings growth over time | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/bitmine\" target=\"_blank\">Arkham<\/a><\/figcaption><\/figure>\n<p>BitMine now holds approximately 1.87 million ETH valued at around $8.1 billion, making it the largest institutional Ethereum holder in the world. This reserve, which already account for more than 1 percent of circulating ETH, highlights the scale of its accumulation drive and set the stage for its move towards its \u201calchemy of 5%\u201d goal.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Corporate ETH treasuries and BitMine\u2019s vision<\/h2>\n<p>Corporate ETH treasuries continue to grow across the board. According to data compiled by crypto.news, public firms collectively hold over 4.7 million ETH worth over $20 billion at current prices. This marks an era where Ethereum is increasingly trusted as a durable, yield-generating reserve asset.<\/p>\n<p>Among these players, BitMine remains the largest, followed closely by firms including SharpLink Gaming and The Ether Machine, each contributing significant ETH reserves to the growing corporate treasury ecosystem.<\/p>\n<p>BitMine views ETH as more than just a digital asset. As Chairman Tom Lee put it, \u201cETH Treasuries are providing security services for the ethereum network, by native staking and thus, BitMine is a critical digital infrastructure partner for ethereum.\u201d This mindset positions the company\u2019s holdings as strategic, permanent infrastructure, not speculative bets.<\/p>\n<p>BitMine\u2019s long-term ambition is bold and infrastructure-focused. The firm recently appointed David Sharbutt, a former American Tower director known for scaling infrastructure-heavy companies, to its board, underscoring its intention to methodically grow and operationalize its ETH strategy.<\/p>\n<p>Meanwhile, ETH has reclaimed the $4,400 mark, likely driven by the latest buying activity. This represents a modest recovery after days of being stuck around $4,300. The asset is up 1.13% on the day, though it remains down roughly 4% for the week.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum\u2019s price momentum is getting a boost from big-money moves. BitMine Immersion Technologies has just added hundreds of millions worth of ETH to its holdings, marking one of the largest&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9789","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\/9789","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=9789"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9789\/revisions"}],"predecessor-version":[{"id":9791,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9789\/revisions\/9791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9790"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}