Bitmine Immersion, led by Tom Lee, has acquired over $1 billion in Ethereum (ETH) within 48 hours, with a recent purchase of $953.1 million. This strategic move is part of a broader institutional trend towards ETH and Bitcoin, fueled by the success of spot ETFs and a tightening supply. Lee anticipates Ethereum reaching all-time highs between $12,000 and $22,000 by Q4 2025. Bitmine Immersion now controls over 2% of the total ETH supply and aims to increase its holdings to 5%.
Bitmine Immersion Acquires $1 Billion in Ethereum, Eyes $12,000 ATH
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