BitMine Immersion Technologies, Inc.

Tom Lee, chairman of BitMine, has predicted that Ethereum could easily trade above $10,000 by 2027 or 2028, driven by a new crypto bull cycle, Wall Street tokenization, and growing AI adoption. Speaking to Bankless on Wednesday, Lee argued that a fresh bull cycle should push ETH back above $5,000, and with additional demand from tokenized financial assets and AI systems, the cryptocurrency could reach five figures. Ethereum currently trades near $2,470 after a roughly 27% weekly rebound, according to CoinGecko data. Lee's forecast comes after several of his previous short-term targets missed, including a November 2025 prediction of a rally to $7,000-$9,000 by January 2026, which never materialized. He also endorsed a more aggressive scenario where ETH could eventually exceed $250,000, though that has no stated deadline. BitMine has accumulated approximately 5.82 million ETH, close to 5% of Ethereum's circulating supply, and has been buying for over 60 consecutive weeks.

As Bitcoin fell 1.9% on rising U.S. Treasury yields, Ethereum declined only 1.6%, maintaining a level above $2,400. U.S. spot Ethereum ETFs saw inflows totaling approximately $1 billion over nine consecutive trading days, and Bitmain Immersion Technologies purchased an additional 32,447 ETH. While the amount of ETH waiting to enter staking increased by 1.28%, traders in prediction markets still hold positions anticipating further price declines. ETF inflows and Bitmain's buying have supported the market, keeping ETH above $2,400.

Crypto-linked equities are outrunning the coins in Tuesday morning trade, with CleanSpark surging 7% to $12.72 and BitMine Immersion Technologies climbing 4% to $25.21. The CoinShares Bitcoin Mining and Digital Power ETF is up 4% to $46.55, while the iShares Bitcoin Trust ETF is up 0.6% to $44.92, as mining and treasury names reprice faster than Bitcoin's nearly flat 0.4% move to $79,377.30. CleanSpark's most recent earnings report showed revenue of $138.01 million, missing the $141.81 million consensus, with a GAAP loss of $0.89 per share driven by a $116.25 million loss on the fair value of Bitcoin. BitMine announced on August 24 that its ether holdings had reached 5.85 million tokens, with total crypto and cash holdings of $14.9 billion, and Chairman Tom Lee said the company could hit its 5% of all ether target before year end, generating roughly $330 million annually in staking yield. Strategy holds 846,000 Bitcoin with an $8.32 billion unrealized digital-asset loss, while Coinbase reached an all-time-high 10.3% crypto trading volume market share in Q2 2026.

Bitmine acquired another 32,447 ETH last week, a purchase worth roughly $81 million, pushing its total holdings to 5,847,611 ETH valued at around $15 billion as of August 23. The company is now roughly 187,000 ETH short of its self-imposed target of owning 5% of Ethereum's supply, which equals about 6.04 million ETH against Ethereum's approximately 120.7 million token total. The purchase came as Ethereum posted its largest weekly gain in more than a year, rising roughly 31% since August 19, with ETH trading just under $2,500. Bitmine has staked 87% of its ETH, or 5,067,309 tokens, and projects $330 million in annual staking revenue. Chairman Tom Lee said the weekly gain of more than 30% signals a launch point for a larger move in ETH, citing easing financial conditions, White House support for crypto, and Treasury purchases of long-term bonds.

Bitmine Immersion Technologies has disclosed a crypto and moonshot portfolio valued at US$14.9b, alongside fresh Ethereum purchases that bring its holdings close to 5% of ETH supply. The announcement coincided with a 52.88% share price rebound over 30 days, though the one-year total shareholder return remains down 51.32%. The stock trades at a price-to-book ratio of 1.3x versus a peer average of 5.3x and a US Software sector average of 3.1x, while a Simply Wall St discounted cash flow model values future cash flows at just $0.01 per share against a last close of $24.14. The company is currently loss-making, reporting a loss of $8,772.21m on revenue of $61.20m, with forecasts for revenue to grow 75.6% per year.

Strategy raised $2.01 billion last week through the sale of 18.26 million MSTR shares but did not purchase any bitcoin, leaving its holdings unchanged at 840,447 bitcoin. The company added about $300 million to its protected reserve and set aside $1.59 billion as a USD cash pool for future bitcoin purchases or stock buybacks. This marks the first time Strategy has raised capital without immediately deploying it into bitcoin, according to Scott Melker. Meanwhile, Bitmine continued buying Ethereum, acquiring 32,447 ETH for $81 million, its largest weekly purchase since early July.

Bitmine, the world's largest corporate holder of Ether, could generate bigger gains than the token itself through 2026 as Ether's price recovers. Last June, Fundstrat's Tom Lee joined Bitmine as its new chairman and directed its transformation into an Ether hoarder through its new 'Alchemy of 5%' strategy. The company now holds 5.85 million Ether tokens, or 4.8% of its total supply, worth $14.6 billion, exceeding its enterprise value of $13.8 billion. Bitmine trades at a discount to its net asset value because it issues shares to fund Ether purchases and high-yield corporate obligations, but it stakes its Ether to earn an average annualized yield of 2.7%. Ether has risen from about $1,500 in June to nearly $2,500, and catalysts like decentralized apps, stablecoins, real-world asset tokenization, and AI agents could drive further gains.

Strive CEO Matt Cole declared the Bitcoin bear market over after Bitcoin broke out against the U.S. dollar and gold simultaneously, sending Strive stock up 5% to $19.09 and Strategy stock up 3% to $123.05 in early Monday trading. Cole cited the dual breakout as the basis for his conviction, while Strive holds 20,246 Bitcoin at an average cost of $94,345, ranking seventh among public company holders. Separately, Strategy disclosed in an 8-K that it raised over $2 billion by selling 18,261,118 shares last week at an average of $109.88 without selling any Bitcoin, with $1.57 billion of the proceeds placed into a newly created unrestricted cash account called USD Cash. SharpLink's institutional ownership rose 12 percentage points to 60%, and Bitmine Immersion Technologies, the largest corporate Ethereum holder with more than 3.73 million ETH, also rose 3% to $23.50. The CoinShares Bitcoin Mining and Digital Power ETF slid 2% to $45 and was down 20% over the past month, underscoring the divergence between treasury vehicles and miners.

Bitmine Immersion Technologies increased the value of its crypto reserves by $2.2 billion in a single day amid a major Ethereum rally that pushed the altcoin above $2,200, according to CryptoQuant's analyst Maartunn.

US crypto-related stocks surged across the board on the 19th. Bitcoin triggered a short squeeze that briefly pushed it toward the 70,000 dollar level, forcing bearish investors who had sold in anticipation of declines to buy back positions. Strategy, a major Bitcoin holder, rose 11.95 percent from the previous day to 103.58 dollars. Coinbase, a major cryptocurrency exchange, gained 9.05 percent to 159.47 dollars. Circle, which issues stablecoins, climbed 9.44 percent to 78.50 dollars. Bitmine, which holds Ethereum, advanced 9.68 percent to 20.05 dollars. Reports said more than 1 billion dollars worth of bearish positions were forcibly liquidated within one hour on the 19th. The US Treasury's plan to double the scale of long-term bond buybacks starting in September also supported buying of risk assets, and the total market capitalisation of the cryptocurrency market expanded by more than 5 percent that day. In Tokyo trading the following day, the 20th, the Nikkei Stock Average opened higher, with gains from the previous close briefly exceeding 800 yen.

Bitmine Immersion Technologies announced on August 17 that its Ethereum holdings have reached 5,815,164 ETH. It holds approximately 4.8% of the circulating supply of about 120.7 million ETH, making it the world's largest corporate Ethereum holder. Against its ETH treasury strategy target of holding 5% of supply, it has reached 96% of that goal. It added 9,926 ETH over the past week, bringing the value of its ETH holdings to about 11 billion dollars. Of its ETH holdings, roughly 5,067,000 ETH is staked through its own staking infrastructure MAVAN and partners, with annual staking revenue expected to be about 250 million dollars. In addition, as part of a total 4 billion dollar share buyback program, it acquired an additional 1.7 million shares over the past week, bringing cumulative purchases since July to 20.8 million shares.

Ethereum has given back gains made after the US jobs report and is trading between 1,850 and 1,880 dollars ahead of the US Consumer Price Index release. Corporate purchases of ETH as a treasury asset by BitMine and SharpLink are offsetting outflows from spot ETFs and deteriorating market sentiment driven by debates over staking rewards. On-chain metrics show daily active addresses reaching 989,500, the highest level since March, while reduced selling pressure from long-term holders also supports the bullish outlook. On prediction market Polymarket, the probability of ETH reaching 2,250 dollars by year-end is seen at 55 percent.

Bitmine Immersion Technologies purchased an additional 7,391 Ethereum over the past week and increased the amount of ETH it has staked. The company now owns 4.8% of Ethereum's circulating supply and is 96% of the way toward its goal of holding 5% of the available ETH supply. Bitmine said 87% of its Ethereum holdings are now staked, representing 5,067,309 ETH worth $9.8 billion at current prices, with annual staking rewards expected to reach $194 million for a yield of 2.63%. The purchase extends the company's streak of buying ETH every week since adopting an Ethereum treasury strategy in 2025. Bitmine also repurchased three million shares of its common stock over the past week, bringing total repurchases to 19.1 million shares under a $4 billion program that began in July, as Chairman Tom Lee noted the company views its stock as undervalued with shares down 69% over the last 12 months to $18.38.

In July, US spot Ethereum ETFs saw inflows of 365.17 million dollars, more than double the 172.42 million dollars for Bitcoin ETFs. This ended eight consecutive weeks of net outflows. Bitmain Immersion Technologies is accelerating its strategy of holding crypto assets as treasury reserves, expanding its holdings to 5.79 million Ethereum, equivalent to 4.8 percent of ETH's circulating supply. Technical indicators and prediction markets suggest ETH may trade in a range of 1,800 to 2,000 dollars for the time being.

Tom Lee, chairman of Bitmine Immersion Technologies, predicts Ether could soar to $250,000 per coin from its current price of about $1,940, representing a potential gain of nearly 13,000%. Lee believes the transition to Ethereum 2.0 will drive mainstream adoption by major financial institutions and AI-powered agents, with firms like BlackRock and JPMorgan Chase already launching investment funds on the network. However, Ethereum's daily active wallet addresses have declined to roughly 2.2 million from 3.7 million a year ago, and Lee's forecast would imply a market capitalization of $30.1 trillion, roughly equal to the entire U.S. economy's output last year. Bitmine Immersion Technologies holds 5.8 million Ether coins, or nearly 5% of the circulating supply, making Lee's bullish call potentially self-serving.

BitMine Immersion Technologies has increased its Ethereum holdings to 5.79 million ETH, bringing its combined crypto treasury to $11.8 billion as it moves closer to its goal of controlling 5% of Ethereum's total supply. The company now holds 5.8 million ETH, 208 Bitcoin worth approximately $13.6 million, $268 million in cash and marketable securities, a $180 million stake in Mr Beast's Beast Industries, and a $61 million investment in Eightco Holdings. Chairman Tom Lee said the firm views the rising ETH/BTC ratio, now at a 3-month high of 0.3000, as a positive sign for Ethereum prices, and believes ETH could next challenge the $2,000 and $2,500 levels. Bitmine also repurchased 6.1 million shares over the past week under its $4 billion buyback program, bringing total repurchases since July 1 to 11.6 million shares. The company said 4.9 million ETH is currently staked through its Made in America Validator Network, projecting annualized staking rewards of about $299 million once all its ETH is staked.

Strategy, BitMine, and SharpLink shares rallied Monday as a reported pause in U.S. strikes on Iran triggered a broad relief rally that lifted Bitcoin back toward $65,000. Strategy stock rose 3% to $94.43, BitMine Immersion Technologies surged 7% to $17, and SharpLink Gaming gained 5% to $6.07, though all three remain deeply negative over the past year with declines of 78%, 62%, and 75% respectively. The bounce was led by Ethereum, which is up 24% over the past month versus Bitcoin's 9% gain, benefiting the two ETH-treasury names BitMine and SharpLink. Strategy confirmed no Bitcoin purchases for a fifth straight week, its longest pause in nearly two years, while sitting on $3.75 billion in cash and 843,775 Bitcoin at an average cost of $75,476. SharpLink's institutional ownership has climbed from 6% to 46%, and its non-binding memorandum of understanding with Galaxy Digital for a $125 million on-chain yield fund helped explain the outsized move.

Bitmine Immersion Technologies purchased another 10,000 Ethereum over the past week. The company bought 9,946 ETH worth $19.4 million, up from 7,430 ETH the prior week, lifting its total holdings to 5,787,414 tokens valued at $11.2 billion, or about 4.8% of Ethereum's circulating supply. Chairman Tom Lee noted Ethereum's recent outperformance versus Bitcoin as a bullish sign, with ETH up 24% over the past month compared to Bitcoin's 8% gain. Bitmine also increased share repurchases to 6.1 million shares under a $4 billion buyback authorization, nearing its goal of acquiring 5% of Ethereum's circulating supply.

Fundstrat co-founder Tom Lee expects Bitcoin to reach $250,000 and Ethereum to hit $12,000 by the end of the year. Lee last reiterated his 2026 price target of $200,000 to $250,000 per Bitcoin on CNBC in January, arguing that spot ETF demand is now the dominant price driver. His Ethereum target of $12,000 assumes the token returns to its eight-year average ratio against Bitcoin at his $250,000 Bitcoin target, while higher tiers of $22,000 and $62,000 depend on more extreme ETH-to-BTC ratios. Lee also serves as chairman of BitMine Immersion Technologies, which holds close to 5% of Ethereum's circulating supply, creating a flywheel between his public targets and the company's buying program.

Bitmine Immersion Technologies, the world's largest corporate Ethereum whale, disclosed financial reserves worth $11.5 billion. Its treasury holds 5,777,468 ETH, representing 4.8% of Ethereum's total global supply of 120.7 million ETH. The company is now tapering its purchases.

Bitmain Immersion Technologies expects annualized revenue of $242 million from staking its Ethereum holdings. The company currently holds 5.77 million ETH, representing 4.8% of the circulating supply, with 4.92 million ETH already staked. If the full amount were staked, annual revenue could reach approximately $284 million. Meanwhile, the layer-2 network Robinhood Chain, launched by Robinhood, surpassed $1 billion in decentralized exchange trading volume within two weeks of launch, using ETH as its native gas token and creating ongoing fee demand. On prediction market Kalshi, the probability of ETH exceeding $2,000 by the end of July is estimated at 67%, though technical indicators show strong resistance near the $2,000 level.

EthSystems publicly launched with anchor funding from Bitmine Immersion Technologies, Sharplink, Joe Lubin, and other ecosystem supporters. The company is building privacy technology that enables banks, asset managers, and other regulated institutions to execute financial transactions on Ethereum at scale without exposing sensitive information like trade details or client identities. The founding team—Mo Jalil, Oskar Thorén, and Aaryamann Challani—previously built and led the IPTF, working directly with central banks, regulators, and top-tier financial institutions over the past year. Bitmine chairman Tom Lee stated that the institutionalization of Ethereum requires infrastructure meeting institutional standards for privacy and security, and that the next $100 trillion of assets will not migrate on-chain without it. In premarket action, Sharplink shares rose 2% and Bitmine Immersion Technologies shares rose 3.8%.

Crypto-related company BitMine Immersion Technologies announced that its Ethereum holdings have reached 5,770,038 ETH, representing approximately 4.8% of the total supply. The company is targeting acquisition of 5% of the total supply and has achieved 96% of that goal. About 85% of its ETH holdings, or 4,917,189 ETH, is staked, with projected annual staking revenue of approximately 242 million dollars. Chairman Tom Lee cited the growth of the Arbitrum-based layer-2 network Robinhood Chain as a reason for increasing ETH holdings, explaining that the network's transaction volume has surpassed 1 billion dollars.

Crypto giant Bitmine Immersion Technologies has entered the final stretch of its 12-month 'Alchemy 5%' operation to aggressively absorb Ethereum, according to a fresh corporate announcement. The company is now targeting the remaining 0.2% of the total Ethereum supply to complete the strategy.

Ethereum treasury company Bitmine Immersion Technologies announced on July 6 that it acquired an additional 42,197 ETH over the past week, bringing its total ETH holdings to 5,742,237 tokens. At the acquisition price of approximately $1,760 per ETH, the additional purchase amounts to roughly $74 million. The company's ETH holdings represent about 4.8% of the total supply of approximately 120.7 million tokens. Chairman Thomas Lee expressed the view that the passage of the CLARITY Act, a US crypto market structure bill, would be a significant milestone benefiting smart contract platforms like Ethereum. Meanwhile, Bitcoin treasury company Strategy sold $216 million worth of Bitcoin on the same day to fund preferred stock dividend payments, highlighting contrasting moves by the two firms.

Bitcoin dropped below $58,000 this week, reaching its lowest level since October 2024, as markets reacted to a hot PCE print and Apple's announcement of 25% price increases. The cryptocurrency fell back under $60,000 and is trading near 2024 prices, with bulls watching for a recovery above the 200-day moving average in the low $60s by Sunday's close. In other developments, President Trump said he will not sign a major housing bill that included a CBDC ban until 2030 until Congress passes the Save Act on voter registration and ID. Binance withdrew its MiCA license application in Greece, effectively acknowledging it would not gain approval, and is now seeking another regulator, potentially causing issues for EU users. A report revealed that a China-based exchange called CoinX allegedly served as a laundering hub for both North Korean hackers from the Bybit hack and Iranians seeking to bypass sanctions. On a positive note, Bitmine will officially join the Russell 1000 index after market close today, bringing Ethereum exposure to many passive portfolios.

Bitmine, the Ethereum treasury company that holds nearly 5% of all Ethereum, is expected to be added to the Russell 1000 index during its annual reconstitution this Friday. The inclusion would force passive index funds and retirement accounts tracking the Russell 1000 to buy shares of Bitmine, indirectly giving millions of investors exposure to Ethereum. Bitmine has met all eligibility criteria, and Fundstrat’s Tom Lee has indicated inclusion is likely, though official confirmation is pending. The move could create a flywheel effect, as Bitmine stakes its Ethereum to earn yield while passive inflows potentially drive up both its stock and the underlying cryptocurrency.

A group of former Ethereum Foundation researchers has launched Ethlabs, an independent nonprofit research and development lab, to ready the Ethereum network for a wave of institutional adoption. The funding effort is led by Bitmine Immersion Technologies, Sharplink, Ethereum co-founder Joe Lubin, and other contributors including Anchorage, Octant, and SNZ. Cofounded by five senior researchers—Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma—Ethlabs will focus on faster settlement, native issuance, cross-chain interoperability, and mainnet capacity to meet the needs of institutions, agentic finance, and decentralized finance. The organization will operate with independent governance, with contributions flowing through an independent grants administrator and research priorities set by Ethlabs leadership. Ethlabs is part of a broader evolution in the Ethereum ecosystem, emerging as one of several independent organizations advancing the network alongside the Ethereum Foundation.