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Tom Lee’s BitMine is buying the dip, snapping up $480 million worth of Ethereum after the latest market sell-off. Lookonchain said on X that six wallets linked to BitMine withdrew 128,718 ETH from FalconX and Kraken. The buy followed a flash crash triggered by US President Donald Trump’s announcement that he would slap additional 100% tariffs on China’s exports. ”It’s easier for BitMine to achieve the ‘alchemy of 5%’ at $3,800 ETH than $10,000 ETH,” said BitMine, the largest ETH treasury firm. ”PS: just fact.” FACT: It’s easier for BitMine to achieve ‘the alchemy of 5%’ at $3,800 ETH than $10,000 ETH PS: just a fact — Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 11, 2025 BitMine Wants To Own 5% Of ETH’s Supply The largest altcoin by market cap had plunged as low as $3,504.32 from above $4k in the past 48 hours, according to data from CoinMarketCap. ETH price (Source: CoinMarketCap ) E...

An Ethereum treasury firm run by Fundstrat’s Tom Lee accumulated an additional 179,251 ETH in the past week. BitMine Immersion Technologies, the largest Ethereum treasury firm in the world, now holds a total of 2,830,151 ETH worth more than $13.23 billion at time of writing. BitMine also holds 192 Bitcoin (BTC), $456 million in unencumbered cash and a $113 million stake in the crypto treasury company Eightco Holdings (ORBS), which represents one of the firm’s “moonshots,” an investment strategy designed to support projects in the Ethereum ecosystem. Eightco Holdings announced last month that it planned to raise approximately $270 million to fund a treasury strategy focused on Sam Altman’s Worldcoin (WLD), an Ethereum-based crypto asset. BitMine currently owns more than 2.3% of the total ETH supply, and Lee notes the firm aims to reach “the alchemy of 5%.” “The BitMine team sat down with Ethereum core developers and key ecosystem players and it ...

Eightco Holdings Inc. announced Monday it has priced a private placement offering that will raise approximately $270 million to fund what the company calls the first treasury strategy focused on Sam Altman’s World (WLD) cryptocurrency. According to a new press release, the offering includes approximately 171.2 million shares of common stock priced at $1.46 per share, generating expected gross proceeds of about $250 million before fees and expenses. Dan Ives of Wedbush Securities will act as chair of the company, and Funstrat’s Tom Lee has contributed $20 million in capital as well. Said Ives in a CNBC interview, “I mean, look, I’d say in this AI revolution, when you think about everything going on in terms of the trillions being spent, the biggest thing missing is identification and authentication. And you know what Sam and Alex and the team have built at World – when you think about these orbs, the iris scanning – in my opinion, this is g...