Tom Lee Takes BitMine’s Ethereum Hoard to the Moon – 3.6M ETH and Counting 🚀

by

Key Highlights

  • BitMine’s crypto and cash holdings have soared to a staggering $11.8 billion, all thanks to its ever-growing collection of 3.6 million ETH tokens.
  • Holding 2.9% of the total ETH supply, BitMine remains the undisputed king of Ethereum treasuries.
  • Tom Lee confidently predicts that the current crypto price cycle is nowhere near its peak, forecasting it’s “12-36 months away.” (Who knew time could be so fluid?)

In an announcement today, Tom Lee’s BitMine Immersion Technologies, Inc. (BMNR) revealed that their crypto and cash holdings now total a jaw-dropping $11.8 billion. This includes 3.6 million ETH tokens, making it the largest ETH treasure chest on the planet. Yes, you heard that right – 3.6 million tokens. No, it’s not a typo.

To break it down: BitMine’s haul includes $607 million in cash, a $37 million stake in Eightco Holdings (NASDAQ: ORBS), 192 Bitcoin (BTC), and 3,559,879 ETH valued at $3,120 per token. This gives BitMine control over 2.9% of all available ETH – and they’re halfway toward their ambitious “Alchemy of 5%” goal. What’s next, world domination?

🧵
BitMine’s latest holdings update (Nov 17, 2025):
$11.8 billion total crypto + “moonshots”:
– 3,559,879 ETH at $3,120 each (per Bloomberg)
– 192 Bitcoin (BTC)
– $37 million stake in Eightco Holdings (NASDAQ: ORBS)
– And unencumbered cash of… (you get the idea)

– Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 17, 2025

Chairman Tom Lee took a moment to remind everyone that the current crypto market cycle is far from over. In fact, he boldly predicts the peak is still “12-36 months away.” Yes, you read that right – 12-36 months. Lee’s got time on his side (and apparently a crystal ball). According to him, the current cycle is following its own playbook, unlike the regular “four-year” pattern that everyone seems to love so much. But hey, who needs patterns when you’re holding millions of ETH?

BitMine’s approach to business is pretty simple – acquire crypto and hold on to it. They raise capital and revenue through Bitcoin mining operations, all the while quietly amassing more crypto. BitMine’s not just collecting tokens; it’s building an empire. Move over, Satoshi.

Tom Lee on market “softness”

In a candid reflection on the market’s recent “softness” following the October liquidation event, Lee couldn’t help but share his wisdom. According to Lee, the crypto market’s price hasn’t bounced back since October 10th – in fact, it’s been lingering like a bad hangover. And he’s not shy about pointing fingers at market makers with “crippled balance sheets” pulling the strings behind the scenes. When these market makers have a “hole” in their balance sheets, it’s like crypto’s version of quantitative tightening (QT). For those unfamiliar, QT is what happens when everything starts to tighten up, making crypto prices take a nap. Lee noted that in 2022, this effect lasted about 6-8 weeks – and it’s likely happening again. Surprise, surprise.

BitMine’s strategy is crystal clear: acquire 5% of the ETH supply and keep going. They’ve got the backing of some pretty big names, including Cathie Wood, Bill Miller III, and of course, Tom Lee’s own Fundstrat. Together, they’re setting the stage for a crypto empire that could rival the Great Wall of China (if China was into Ethereum, that is).

But it’s not just about holding tokens. No, no. BitMine’s forward-looking outlook is driven by the conviction that the crypto market still has plenty of runway left. That’s right – Lee’s vision sees more years of growth than the so-called experts might predict. Forget the usual cycles – we’re in for something much longer, and probably more profitable. Time will tell.

Tokenization for Market Transparency

But wait, there’s more! BitMine isn’t just sitting back and counting tokens. No, they’re also laser-focused on the future of asset tokenization. Ethereum’s shiny new Fusaka upgrade, the rise of stablecoins, and the explosion of asset tokenization are all helping to drive the crypto revolution forward.

According to Lee, tokenization isn’t just about making assets smaller or more liquid. It’s about completely transforming how assets are viewed, broken down by time, product, or even geography. He drew a parallel to the GENIUS Act and the SEC’s Project Crypto, comparing their impact to the US ending the gold standard in 1971. Big words, big comparisons. But hey, if tokenization is the future, then Lee’s ready to lead the charge. No pressure.

BitMine’s stock volume has made it a force to be reckoned with. They’re currently the 48th most traded stock in the US, with an average daily dollar volume of $1.4 billion. So, yeah, when they say they’re playing the game, they mean it. While the October crash is still in the rearview mirror, BitMine is optimistic about what the future holds. After all, Q4 tends to be a time of “seasonal strength” for both crypto and related stocks. Fingers crossed, folks.

Read More

2025-11-17 23:05