The world’s largest Ethereum treasury company shows no signs of fear or doubt as it continues to accumulate assets aggressively.
Retail traders may be panic selling Ether today, but Tom Lee’s Bitmine Immersion Technologies remains bullish. The company reported on Monday that it had accumulated 102,259 ETH worth more than $300 million over the past week.
“Tom Lee still has $1 billion in cash. Is he going to keep buying on the spur of the moment?” asked Arkham Intelligence.
Lee remains bullish on Ether
“Cryptocurrency prices have stabilized over the past week, further evidence that crypto prices have started to recover after the October 10th price shock,” said Tom Lee. However, this was before yesterday’s market crash.
BitMine currently holds 3.97 million ETH, which is approximately 3.2% of the total supply and is worth approximately $11.6 billion. It also holds 193 BTC worth about $16.5 million and has $1 billion in cash.
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BitMine provided its latest holdings update on December 15, 2025.$13.2 billion in cryptocurrencies and “moonshots”:
-3,967,210 ETH ($3,074 per ETH) (@coinbase)
– 193 Bitcoin (BTC)
– $38 million in Eightco Holdings (NASDAQ: ORBS) stock (“Moonshot”) and
– Total cash amount $1.0…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 15, 2025
Lee went on to say that the company has made progress with its staking solution, known as The Made in America Validator Network (MAVAN).
“This will be a ‘best-in-class’ solution providing a secure staking infrastructure and is expected to be deployed in early 2026.”
He said on CNBC on Monday that there were concerns about quantum threats and October’s massive deleveraging event, “but the fundamental story for cryptocurrencies is ending on a very positive note this year.”
“We know that the U.S. government has passed laws and regulations that favor cryptocurrencies, and that Wall Street has shown a lot of interest in building products on blockchain…so both seem to be getting a lot of attention, but what is uncertain is the price level.”
Lee concluded that “the best year is definitely ahead” for the crypto industry.
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Tom Lee of @Fundstrat on AI says: “Features bloom, followed by services.” https://t.co/55CElC2pig
— Squawk Box (@SquawkCNBC) December 15, 2025
Ether price support is lost
Lee’s comments came before Ether price lost support in late trading on Monday and fell below $3,000. ETH briefly fell below $2,900 in early Asian trading on Tuesday, its lowest level since the massive leveraged flash on December 2nd.
Currently down 41% from all-time highs, the downward trend appears to continue despite overwhelmingly bullish network and asset fundamentals.
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