Tom Lee’s BitMine added 14,618 ETH to its treasury. This follows Ethereum’s price rebound, signaling an aggressive accumulation strategy.
Tom Lee’s BitMine Immersion Technologies added 14,618 ETH to its corporate Ethereum treasury on Thursday. This purchase came after Ethereum had crossed $3k. This came after a recent market crash. This was said using Arkham data by Lookonchain. BitMine acquired $44.34 million worth of ETH. This was from wallet “0xbd0b609b6d3433b75f46b053284d7d3” from BitGo. However, this transaction has not officially been confirmed by BitMine.
BitMine Pursues Aggressive Ethereum Accumulation
The company is going all out on a strategy of Ethereum accumulations. It is now two-thirds of the way towards its ambitious goal. This goal is to have 5% of all ETH. There has been a rebound in stock performance. Recent purchases of ETH correspond to the growing interest in institutions.
Tom Lee(@fundstrat)’s #Bitmine just bought another
14,618 $ETH($44.34M) 4 hours ago.https://t.co/P684j5Yil8 pic.twitter.com/LHOpDto1R5— Lookonchain (@lookonchain) November 28, 2025
In the future, there are plans for Ethereum staking. BitMine revealed plans to begin this in early 2026. This will be through its new “Made in America Validator Network (MAVAN).” This may create additional returns. Analyst perspective: Some analysts are predicting corporate-driven accumulation. This, along with staking plans in the future, could add to a corporate-fueled Ethereum “supercycle.” The average price that was paid by BitMine for its ETH is $2,840. This is just below the market price recently.
Related Reading: ETH News: BitMine Posts $328M Profit, Plans MAVAN ETH Staking Launch | Live Bitcoin News
This move comes in the wake of BitMine earlier in the month announcing a $200 million investment in Ethereum. The company now has an estimated 3629701 ETH. This accounts for approximately 3% of the total Ethereum supply. The recent activity is consistent with the long-term plan of BitMine. This plan is to control the amount of 5% of the circulating ETH.
BitMine has set a 5% stake in Ethereum as ownership. As per previous statements, BitMine is trying to get a cumulative 5% share. This is of the total supply of Ethereum. The company believes that Ethereum is key. It is the key to the future of financial services. It is also important for the infrastructure of blockchain.
MAVAN and Staking Plans Fuel “Supercycle” Predictions
“Ethereum is a very neutral chain that both Wall Street and even the White House can support,” said Tom Lee. He is the Chair of BitMine. This was in a recent interview. The company is still increasing its holdings. This is even in the face of downtrends in the overall cryptocurrency market in recent times. While BitMine has not validated the recent $44 million acquisition, the company’s previous activities and stated goals make the purchase consistent with its strategy.
But BitMine’s strategy is a sign of an increasing institutional confidence. This is in Ethereum’s long-term value. The accumulation of such a significant portion of ETH can have an impact on the market dynamics. It would possibly create a supply shock.
The MAVAN initiative further enhances the position of BitMine. By developing a network of validators, BitMine can receive staking rewards. This helps to diversify its revenue streams. It also helps in the network security of Ethereum.
Analyst Predictions of ‘supercycle’ are compelling. Corporate-driven accumulation with staking might provide a powerful feedback loop. This could push ETH prices much higher. The average purchase price of $2,840 offers a strategic point of entry.
The fact that Tom Lee endorses Ethereum as a “neutral chain” is important. It is something that both traditional finance and government entities can connect with. This narrative is one in favor of larger adoption. It also helps Ethereum to become more legitimate.