- Tom Lee’s $320M Ethereum buy pushes his holdings to $9.4B, showing massive faith in ETH’s future and shaking up investor confidence.
- Bitmine’s ETH reserves hit $13.9B as profits surge nearly 190%, proving growing institutional trust in Ethereum’s long-term strength.
- ETHZilla stock jumps 14% after a major influencer’s reveal, adding excitement to an already bullish Ethereum-focused market.
Tom Lee’s massive Ethereum accumulation is turning heads across the crypto world. The veteran investor, known for his fearless market calls, reportedly purchased $320 million worth of ETH on Monday.
Consequently, his total holdings have now surged to $9.4 billion, representing 2.8% of the entire ETH supply. This aggressive move, which began in early July, reflects one of the most confident Ethereum bets ever seen in the market.
According to Ryan Sean Adams, “You have to believe Tom Lee is either a legend or a fool – he’s left us no half measures.” Many investors now see Lee’s strategy as a long-term conviction play that could redefine institutional confidence in Ethereum.
Bitmine Immersion Tech Leads ETH Accumulation
Meanwhile, Bitmine Immersion Tech ($BMNR), a company closely tied to Ethereum reserves, has climbed to the top of its performance category. Data from strategicethreserve.xyz shows the firm’s ETH reserves have grown consistently since mid-July, now reaching 3.31 million ETH, worth about $13.92 billion. Moreover, the company’s accumulation pattern shows sharp jumps in August and September, signaling steady confidence in Ethereum’s growth trajectory.
With a $9.38 billion market capitalization and $305 million in cash, Bitmine also holds around 2.74% of the whole supply of ETH. Its Earnings Per Share increased by 189.13%, demonstrating increased profitability and efficiency.
Its mNAV of 1.12 also shows good asset strength, although analysts point out that the number needs careful observation. Additionally, the business has met 54.8% of its operational goal, demonstrating continued growth.
Lee explained that his ETH purchases align with improving global trade sentiment, particularly between the U.S. and China. “Progress in trade talks between the United States and China is a positive signal for Ethereum and the entire crypto market,” Lee said. He emphasized that rising equity markets often boost institutional risk appetite, indirectly benefiting Ethereum.
In another development, ETHZilla (ETHZ) shares spiked 14% after Dimitri “Capybara Stocks” Semenikhin, a meme stock influencer, revealed his position. “ETHZilla’s multiplier at the time of my purchase was at an all-time low of 50%,” he noted, comparing it to undervalued digital treasuries.
