BitMine’s ETH Stash Hits 6.06 Million as Tom Lee Reaffirms Crypto Bull Market Is Still Alive

Last week's purchase was smaller than many of the previous ones. Bitmine Immersion Technologies has added another 8,573 ETH to its treasury, pushing its total holdings above 6.06 million tokens and bringing it within touching distance of its long-standing 5% supply target. Chairman Tom Lee has doubled down on his belief that the crypto market’s restrained reaction to the Binance hack is evidence that the industry’s bull market has remained intact. More ETH Added The press release shared earlier today states that Bitmine held 6,060,506 ETH as of November 1, valued at $2,261 per token using Coinbase pricing. It also owned 216 BTC, nearly $500 million in cash and marketable securities, a $180 million stake in Beast Industries, and an $82 million position in Eightco. Its total position across all these sectors was worth around $14.5 billion. In addition, Bitmine outlined the acquisition of another 8,573 ETH. Lee asserted once again that the company he chairs has bought portions of the world’s largest altcoin ever since it launched its Ethereum treasury strategy on June 30, 2025. However, the pace has slowed considerably. As we reported last week, Bitmine added nearly 10,500 tokens, whi...