Tom Lee's BitMine Invests $103.6M in ETH as Fundstrat Forecasts Rise to $5.5K
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 10 2025BitMine's Ethereum Acquisition: BitMine Immersion Technologies has purchased an additional $103.68 million in Ethereum, increasing its total holdings to 2,853,974 ETH, making it the largest corporate ETH holder globally, with a total crypto portfolio valued at $13.4 billion.
Market Predictions and Criticism: Fundstrat predicts Ethereum could rise to $5.5k soon, despite recent price drops, while short-seller Kerrisdale Capital criticizes BitMine's strategy of selling equity to buy ETH, suggesting it is becoming ineffective and leading to investor fatigue.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
