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GateNews

2025-12-04 08:31:39

Ethereum treasury giant BitMine purchases another $150 million in ETH; Tom Lee: ETH could challenge $9,000

Ethereum treasury giant BitMine has once again made a significant increase in its ETH holdings, attracting market attention. According to on-chain analytics platform Arkham, BitMine purchased 18,345 ETH via BitGo on Wednesday and acquired another 30,278 ETH through a certain CEX, totaling approximately $150 million in value. Although the transactions have not yet been officially confirmed, on-chain evidence shows that the fund movements have essentially been settled.

Since the beginning of this year, BitMine has maintained a steady buying trend, even during the market downturn in November without any significant reduction. In just the last week of November alone, the company added 96,798 ETH, bringing its holdings to over 3% of Ethereum's circulating supply. The company has repeatedly stated its goal of holding 5% of ETH and has consistently emphasized Ethereum's core role in the future of financial infrastructure.

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