BitMine added 138,000 Ethereums, and its total holdings exceeded 3.86 million! Tom Lee: ETH is expected to strengthen in the coming months
BitMine Immersion (BMNR), the world's largest Ethereum reserve company, issued an announcement on the evening of today (8th), announcing that it had once again increased its holdings of 138,452 ETH in the past week. After this addition, BitMine's Ethereum holdings have officially exceeded the 3.86 million mark, reaching 3,864,951 ETH, accounting for approximately 3.2% of the total global ETH supply.
(Previous summary: BitMine spent another $199 million to buy Ethereum at the bottom! But smart money is shorting ETH)
(Background supplement: BitMine bought 97,000 Ethereum coins last week, Tom Lee: Optimistic about the Fusaka upgrade and the Fed’s release of water to increase ETH)
BitMine, the world’s largest Ethereum reserve company Immersion (BMNR) issued an announcement on the evening of today (8th), announcing that it had once again increased its holdings of 138,452 ETH in the past week. After this addition, BitMine's Ethereum holdings have officially exceeded the 3.86 million mark, reaching 3,864,951 ETH, accounting for approximately 3.2% of the total global ETH supply, and two-thirds of its public goal of "holding 5% of the Ethereum supply" has been completed.
In addition, BitMine added that as of 4 p.m. Eastern Time on December 7, BitMine’s total assets have reached US$13.2 billion, including: 3,864,951 ETH; 193 BTC; US$36 million in Eightco Holdings (NASDAQ: ORBS) holdings; US$1 billion in cash positions.
Tom Lee is optimistic about the market outlook
At the same time, in the announcement, BitMine Chairman Tom Lee also stated that he had expressed his position in the chairman's letter in December that he was strongly optimistic about the market outlook. He pointed out:
"The super cycle of cryptocurrency is still intact. In 2026, There will be strong demand in 2020. "
For Ethereum, he believes that there is still huge room for growth in the current cryptocurrency adoption rate. In addition, Wall Street is about to tokenize assets on a large scale, and Ethereum's Fusaka upgrade has been officially completed. The U.S. Federal Reserve will end its balance sheet reduction and will cut interest rates again on December 10. Under the influence of multiple bullish resonances, the price of Ethereum is expected to strengthen significantly in the coming months.
BMNR has rebounded by 15% in the past 5 days
After the US stock market opened tonight, BitMine’s stock price rose, temporarily trading at US$35.5 at the time of writing this article. BMNR also rebounded by 15% in the past 5 days, with the market value rising to US$13.52 billion.
