worldcoinindex.com
BitMine Immersion Technologies appears to be expanding its massive Ethereum treasury once again—this time with a fresh 14,618 ETH haul reportedly sourced from BitGo.
On-chain analysts at Lookonchain, using Arkham Intelligence data, flagged a transfer worth $44.34 million tied to wallet “0xbd0…E75B8” around 5:07 p.m. Thursday. While BitMine has not formally confirmed the transaction, the timing aligns with the company’s aggressive accumulation strategy.
Just days earlier, BitMine disclosed a $200 million Ethereum purchase, pushing its officially confirmed holdings to 3,629,701 ETH—about $10.9 billion, representing 3% of Ethereum’s total supply. The company has made clear its long-term target: acquire 5% of all ETH in existence and help expand Ethereum’s role in institutional-grade financial infrastructure.
Chair Tom Lee has repeatedly praised Ethereum as the most geopolitically “neutral” blockchain, arguing that major U.S. institutions—including Wall Street and the White House—will ultimately favor it for mission-critical applications.
ETH to $9,000 by Early 2026?
Despite recent weakness in crypto markets, Lee remains unfazed. He expects Ethereum to bottom near $2,500 before surging toward $7,000–$9,000 by January 2026. He also reiterated his view that the Federal Reserve will pivot dovish by year-end, easing macro pressure and setting the stage for crypto’s next leg upward.
Bitcoin, meanwhile, is showing modest resilience—trading at $91,309 (+0.13%)—while ETH sits at $3,018, down 0.69% over the past day.
If BitMine’s latest unconfirmed purchase proves accurate, the firm’s march toward its 5% ETH supply goal is accelerating faster than anticipated.