BitMine Immersion Technologies, the crypto treasury vehicle chaired by Tom Lee, made its largest single ETH purchase since June, acquiring 53,501 ETH for $131 million. This transaction brings its total holdings to 5,901,112 ETH, worth approximately $14.8 billion, representing 4.9% of Ethereum’s circulating supply and placing the firm 98% toward its self-described « Alchemy of 5% » target. ETH is consolidating around $2,450 within a rising wedge just below the critical $2,550 resistance level. Ethereum has outperformed the S&P 500 by 5,430 basis points this quarter, and BitMine has maintained an uninterrupted streak of weekly ETH purchases since June 30, 2025, now totaling 65 consecutive weeks.
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