An Ethereum (ETH) treasury run by Fundstrat’s Tom Lee has added over 230,000 ETH to its books in just one week.
According to a new press release, BitMine Immersion (BMNR) says that the latest purchases make it the largest ETH treasury in the world.
Says Tom Lee,
“As we enter the final months of 2025, the two Supercycle investing narratives remain AI and crypto. And both require neutral public blockchains. Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime. These two powerful macro cycles will play out over decades. Since ETH’s price is a discount to the future, this bodes well for the token and is the reason BitMine’s primary treasury asset is ETH. As we mentioned in our August Chairman’s message, the power law benefits large holders of ETH, hence, we pursue the ‘alchemy of 5%’ of ETH…
We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years. Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”
According to the ETH Treasury, the purchases make it the second-largest crypto treasury in the world, behind only Michael Saylor’s strategy.
“BitMine acquired 234,850 ETH tokens in the past week
– currently reigns as the largest ETH Treasury
– and second largest crypto treasury only behind Microstrategy $MSTR”
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