Claims that Tom Lee, Chairman of BitMine Immersion Technologies, purchased nearly $30 million in Ethereum remain unverified as of November 16, 2025. Despite reports, the company's latest statement on November 10 did not confirm such a transaction, and no verifiable records have surfaced. Tom Lee mentioned that BitMine increased its Ethereum purchases by 34% from the previous week, acquiring 110,288 ETH tokens. However, without concrete evidence, the market impact of these claims remains speculative.