In yet another show of long-term bullish bet, BitMine Immersion Technologies has added to its Ethereum holdings.The Nasdaq-listed company, chaired by renowned market strategist Tom Lee, added to its holdings on November 28, 2025, as the Ethereum price retested the $3,000 level.With over $63 million in new buys, BitMine has cemented its status as the largest ETH treasury company, and its aggressive accumulation strategy continues amid the latest “Black Friday” deal.Bitmine buys another 20,532 ETH worth $63 millionOn Friday, Michael Saylor posted “Black Friday” on X, indicating a potential for a buy-the-dip opportunity.The same day, BitMine confirmed Ethereum was the biggest deal of the day. Per LookonChain, the company’s acquisition, executed through BitGo’s hot wallet, comes just hours after the company acquired another chunk of ETH.Bitmine (NYSE-BMNR) $ETH@BitMNR·FollowThe world’s super computer network, $ETH, is the biggest Black Friday deal ‼️‼️‼️ Massive discount to the futureWatch on TwitterView replies6:58 pm · 28 Nov 2025106ReplyCopy linkRead 5 repliesAccording to the transaction details shared on X, the purchase was completed at around $63.32 million at the prevailing market rates.The purchase follows a pattern of strategic buying, with BitMine having acquired 14,618 ETH worth $44.34 million just hours earlier on the same day.Crypto enthusiasts and analysts say Lee’s aggressive buys signal confidence in Ethereum’s long-term potential, despite recent market fluctuations.How much ETH does BitMine hold?BitMine’s ETH acquisition spree is not a new phenomenon. Over the past few months, the company has consistently increased its holdings, with notable purchases in recent weeks.As of November 24, 2025, the company revealed its holdings stood at over 3.63 million ETH tokens, representing approximately 3% of Ethereum’s total supply.The buys were at an average purchase price of $2,840 per token.Overall declines across crypto since the October 10, 2025, crash have added to sell-off pressure. However, Lee has maintained ETH price will rise sharply and sees the crash and latest dips as a buy opportunity.He said in a statement:“The continued decline in crypto prices in the past week reflects the impaired liquidity since October 10th, as well as price technicals, which remain weak. A few weeks ago, we noted the likely downside for ETH prices would be around $2,500, and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum.”Buying 20,532 ETH hours after scooping 14,618 ETH adds to the 3,629,701 ETH announced as of Nov. 24 to bring total holdings to 3,664,851 tokens worth over $11 billion as of writing.Ethereum price reached highs near $4,500 in August 2025. Although prices have since dipped sharply, analysts predict a bullish bounce to a new all-time high.Bitcoin has similarly crashed from its peak above $126,000 and touched lows of $80,000. ETH is above $3,000 while BTC is retesting highs above $91,000.The post BitMine makes $63M Ethereum buy as Tom Lee doubles down on bullish supercycle bet appeared first on InvezzIn yet another show of long-term bullish bet, BitMine Immersion Technologies has added to its Ethereum holdings.The Nasdaq-listed company, chaired by renowned market strategist Tom Lee, added to its holdings on November 28, 2025, as the Ethereum price retested the $3,000 level.With over $63 million in new buys, BitMine has cemented its status as the largest ETH treasury company, and its aggressive accumulation strategy continues amid the latest “Black Friday” deal.Bitmine buys another 20,532 ETH worth $63 millionOn Friday, Michael Saylor posted “Black Friday” on X, indicating a potential for a buy-the-dip opportunity.The same day, BitMine confirmed Ethereum was the biggest deal of the day. Per LookonChain, the company’s acquisition, executed through BitGo’s hot wallet, comes just hours after the company acquired another chunk of ETH.Bitmine (NYSE-BMNR) $ETH@BitMNR·FollowThe world’s super computer network, $ETH, is the biggest Black Friday deal ‼️‼️‼️ Massive discount to the futureWatch on TwitterView replies6:58 pm · 28 Nov 2025106ReplyCopy linkRead 5 repliesAccording to the transaction details shared on X, the purchase was completed at around $63.32 million at the prevailing market rates.The purchase follows a pattern of strategic buying, with BitMine having acquired 14,618 ETH worth $44.34 million just hours earlier on the same day.Crypto enthusiasts and analysts say Lee’s aggressive buys signal confidence in Ethereum’s long-term potential, despite recent market fluctuations.How much ETH does BitMine hold?BitMine’s ETH acquisition spree is not a new phenomenon. Over the past few months, the company has consistently increased its holdings, with notable purchases in recent weeks.As of November 24, 2025, the company revealed its holdings stood at over 3.63 million ETH tokens, representing approximately 3% of Ethereum’s total supply.The buys were at an average purchase price of $2,840 per token.Overall declines across crypto since the October 10, 2025, crash have added to sell-off pressure. However, Lee has maintained ETH price will rise sharply and sees the crash and latest dips as a buy opportunity.He said in a statement:“The continued decline in crypto prices in the past week reflects the impaired liquidity since October 10th, as well as price technicals, which remain weak. A few weeks ago, we noted the likely downside for ETH prices would be around $2,500, and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum.”Buying 20,532 ETH hours after scooping 14,618 ETH adds to the 3,629,701 ETH announced as of Nov. 24 to bring total holdings to 3,664,851 tokens worth over $11 billion as of writing.Ethereum price reached highs near $4,500 in August 2025. Although prices have since dipped sharply, analysts predict a bullish bounce to a new all-time high.Bitcoin has similarly crashed from its peak above $126,000 and touched lows of $80,000. ETH is above $3,000 while BTC is retesting highs above $91,000.The post BitMine makes $63M Ethereum buy as Tom Lee doubles down on bullish supercycle bet appeared first on Invezz
BitMine makes $63M Ethereum buy as Tom Lee doubles down on bullish supercycle bet
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
In yet another show of long-term bullish bet, BitMine Immersion Technologies has added to its Ethereum holdings.
The Nasdaq-listed company, chaired by renowned market strategist Tom Lee, added to its holdings on November 28, 2025, as the Ethereum price retested the $3,000 level.
With over $63 million in new buys, BitMine has cemented its status as the largest ETH treasury company, and its aggressive accumulation strategy continues amid the latest “Black Friday” deal.
Bitmine buys another 20,532 ETH worth $63 million
On Friday, Michael Saylor posted “Black Friday” on X, indicating a potential for a buy-the-dip opportunity.
The same day, BitMine confirmed Ethereum was the biggest deal of the day. Per LookonChain, the company’s acquisition, executed through BitGo’s hot wallet, comes just hours after the company acquired another chunk of ETH.
Bitmine (NYSE-BMNR) $ETH
@BitMNR
·Follow
The world’s super computer network, $ETH, is the biggest Black Friday deal ‼️‼️‼️ Massive discount to the future
Watch on Twitter
View replies
6:58 pm · 28 Nov 2025
106 Reply Copy link
Read 5 replies
According to the transaction details shared on X, the purchase was completed at around $63.32 million at the prevailing market rates.
The purchase follows a pattern of strategic buying, with BitMine having acquired 14,618 ETH worth $44.34 million just hours earlier on the same day.
Crypto enthusiasts and analysts say Lee’s aggressive buys signal confidence in Ethereum’s long-term potential, despite recent market fluctuations.
How much ETH does BitMine hold?
BitMine’s ETH acquisition spree is not a new phenomenon. Over the past few months, the company has consistently increased its holdings, with notable purchases in recent weeks.
As of November 24, 2025, the company revealed its holdings stood at over 3.63 million ETH tokens, representing approximately 3% of Ethereum’s total supply.
The buys were at an average purchase price of $2,840 per token.
Overall declines across crypto since the October 10, 2025, crash have added to sell-off pressure. However, Lee has maintained ETH price will rise sharply and sees the crash and latest dips as a buy opportunity.
He said in a statement:
Buying 20,532 ETH hours after scooping 14,618 ETH adds to the 3,629,701 ETH announced as of Nov. 24 to bring total holdings to 3,664,851 tokens worth over $11 billion as of writing.
Ethereum price reached highs near $4,500 in August 2025. Although prices have since dipped sharply, analysts predict a bullish bounce to a new all-time high.
Bitcoin has similarly crashed from its peak above $126,000 and touched lows of $80,000. ETH is above $3,000 while BTC is retesting highs above $91,000.
The post BitMine makes $63M Ethereum buy as Tom Lee doubles down on bullish supercycle bet appeared first on Invezz
Market Opportunity
TOMCoin Price(TOM)
$0.00006842
$0.00006842$0.00006842
USD
TOMCoin (TOM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
BTC supply on centralized exchanges is at a 7-year low
PANews reported on September 18th that crypto analyst The DeFi Investor wrote on the X platform: "The supply of BTC on centralized exchanges is at its lowest level in seven years. The scale of funds invested by institutions in purchasing Bitcoin in this cycle is incredible."
Share
PANews2025/09/18 09:53
Breaking: CME Group Unveils Solana and XRP Options
CME Group launches Solana and XRP options, expanding crypto offerings. SEC delays Solana and XRP ETF approvals, market awaits clarity. Strong institutional demand drives CME’s launch of crypto options contracts. In a bold move to broaden its cryptocurrency offerings, CME Group has officially launched options on Solana (SOL) and XRP futures. Available since October 13, 2025, these options will allow traders to hedge and manage exposure to two of the most widely traded digital assets in the market. The new contracts come in both full-size and micro-size formats, with expiration options available daily, monthly, and quarterly, providing flexibility for a diverse range of market participants. This expansion aligns with the rising demand for innovative products in the crypto space. Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, noted that the new options offer increased flexibility for traders, from institutions to active individual investors. The growing liquidity in Solana and XRP futures has made the introduction of these options a timely move to meet the needs of an expanding market. Also Read: Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple! Rapid Growth in Solana and XRP Futures Trading CME Group’s decision to roll out options on Solana and XRP futures follows the substantial growth in these futures products. Since the launch of Solana futures in March 2025, more than 540,000 contracts, totaling $22.3 billion in notional value, have been traded. In August 2025, Solana futures set new records, with an average daily volume (ADV) of 9,000 contracts valued at $437.4 million. The average daily open interest (ADOI) hit 12,500 contracts, worth $895 million. Similarly, XRP futures, which launched in May 2025, have seen significant adoption, with over 370,000 contracts traded, totaling $16.2 billion. XRP futures also set records in August 2025, with an ADV of 6,600 contracts valued at $385 million and a record ADOI of 9,300 contracts, worth $942 million. Institutional Demand for Advanced Hedging Tools CME Group’s expansion into options is a direct response to growing institutional interest in sophisticated cryptocurrency products. Roman Makarov from Cumberland Options Trading at DRW highlighted the market demand for more varied crypto products, enabling more advanced risk management strategies. Joshua Lim from FalconX also noted that the new options products meet the increasing need for institutional hedging tools for assets like Solana and XRP, further cementing their role in the digital asset space. The launch of options on Solana and XRP futures marks another step toward the maturation of the cryptocurrency market, providing a broader range of tools for managing digital asset exposure. SEC’s Delay on Solana and XRP ETF Approvals While CME Group expands its offerings, the broader market is also watching the progress of Solana and XRP exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on multiple crypto-related ETF filings, including those for Solana and XRP. Despite the delay, analysts anticipate approval may be on the horizon. This week, REX Shares and Osprey Funds are expected to launch an XRP ETF that will hold XRP directly and allocate at least 40% of its assets to other XRP-related ETFs. Despite the delays, some analysts believe that approval could come soon, fueling further interest in these assets. The delay by the SEC has left many crypto investors awaiting clarity, but approval of these ETFs could fuel further momentum in the Solana and XRP futures markets. Also Read: Tether CEO Breaks Silence on $117,000 Bitcoin Price – Market Reacts! The post Breaking: CME Group Unveils Solana and XRP Options appeared first on 36Crypto.
Share
Coinstats2025/09/18 02:35
Why Fintech Platforms Are Growing Faster Than Traditional Banks
Fintech platforms are outpacing traditional banks in growth across nearly every measurable dimension. Customer acquisition rates, revenue growth, geographic expansion
Share
Techbullion2026/03/24 07:58
