BitMine continues to accumulate Ether, buying 110,288 ETH at an average price of $3,639 per token, totaling 3,505,723 ETH valued at $12.5 billion. Chairman Tom Lee sees an opportunity in the recent ETH price dip, highlighting Wall Street’s interest in tokenizing assets on the blockchain for transparency and value creation.

BitMine aims to own 5% of the total 120,696,594 ETH supply, currently holding 2.9%. Tom Lee predicts ETH price to reach $10,000-$12,000 by the end of 2025. ETH is trading at $3,561, down 13.4% in the past two weeks, requiring a 180% increase by December to meet Lee’s prediction. BitMine’s stock BMNR surged over 400% YTD to $41.15.

Read more at Cointelegraph: BitMine Buys 34% More ETH Week-Over-Week, Adding 110,288 Ether