Bitmine Immersion Technologies, a company focused on Ethereum, recently purchased 14,618 ETH to add to its holdings, according to blockchain data. At the same time, many in the market are watching to see if Michael Saylor’s Strategy will resume buying Bitcoin after pausing last week.
Tom Lee Doubles Down While Saylor Hints at a Possible Black Friday Buy
Bitmine, the largest ethereum treasury outfit led by Tom Lee, picked up even more ETH this week, according to onchain movements quietly logged for anyone paying attention.
“Tom Lee is still buying ETH,” Arkham Intelligence reported on X, noting that “Bitmine’s wallets just saw inflows of $44.3M ETH, and have purchased $185.6M ETH over the past week.”
Arkham followed up with a tidy summary:
“Tom Lee believes that 2026 will be bullish for ETH.”
Arkham’s explorer shows that 14,618 ETH has been added to Bitmine’s growing cache. Bitmine disclosed last week that its ethereum stash hit 3.63 million tokens, so this latest pickup makes it clear the company has plenty of fuel left in the tank.
The news comes on the heels of Strategy hitting the brakes last week, opting not to disclose a fresh buy while Bitmine kept the meters running. Just a week earlier, Saylor’s company grabbed 8,178 BTC, pushing its holdings to 649,870 BTC. On X, however, Saylor slipped in a cryptic nod to the traditional kickoff of the holiday shopping season, stating:
“It’s ₿lack Friday.”
We’ll likely see how much Bitcoin Bitmine has acquired by Monday, continuing their ongoing collection. What Michael Saylor and Strategy will do next is still uncertain. With both companies actively seeking new opportunities at prices not seen in months, the coming week could show whether one continues to aggressively buy while the other takes a more cautious approach.
FAQ ❓
- What did Bitmine buy this week?
Bitmine added 14,618 ETH to its holdings according to onchain data. - How much ETH has Bitmine accumulated recently?
The company logged $185.6 million in ETH purchases over the past week. - What are Bitmine’s total ethereum holdings now?
Bitmine’s stash recently reached 3.63 million ETH. - Is Strategy planning another crypto purchase?
Strategy paused last week, and the market is waiting to see if a new acquisition is coming.
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2025-11-30 03:14