BitMine chairman Tom Lee reveals the company bought $250 million worth of Ether after a major market event. The company now holds over 3.3 million tokens worth $13 billion, aiming for 5% of Ether’s total supply. Lee predicts Ether to hit $10,000 this year, despite needing a 150% increase. BitMine stock rose 7.92% to $53.80.

BitMine continues its Ether buying spree, acquiring $250 million more from exchanges Bitgo and Kraken. This brings their total Ether holdings to over 3.3 million tokens, representing 2.74% of the total supply. The company aims to hold 5% of Ether’s total supply, now halfway to their goal. BitMine stock has gained over 691% in the last six months.

BitMine’s stock rose 7% to $53.80 on Monday, reflecting investor interest. The company’s high liquidity attracts institutional capital, commanding 88% of global trading volume with MSTR. BitMine holds the largest Ether treasury, surpassing SharpLink Gaming with 840,012 tokens. Institutions are accumulating Ether, with treasury companies holding over 5.74 million tokens, 4.75% of the supply.

Institutions have been steadily accumulating Ether in 2025, with treasury companies now holding over 5.74 million tokens, representing 4.75% of the supply. BitMine leads as the largest Ether treasury company, with over 3.3 million tokens. Lee remains bullish on Ether, predicting a price of $10,000 this year.

Read more at Cointelegraph: BitMine Buys $250M in Ethereum as Holdings Near 5 Percent Target