BitMine Immersion has made a significant strategic move, amassing a substantial Ethereum (ETH) treasury. Driven by the bullish long-term outlook of its chairman, Tom Lee, the firm sees ETH as the decade's premier macro investment opportunity, underpinning a confident accumulation strategy.
Why BitMine Is Betting Big on Ethereum
BitMine (BMNR) has dramatically increased its Ethereum holdings to an impressive $13.2 billion, now owning 2.83 million ETH tokens. This aggressive accumulation positions them as the second-largest corporate crypto treasury globally. Tom Lee, Fundstrat CIO and BitMine chairman, firmly believes that ETH represents the "biggest macro trade" of the decade. He attributes this potential to the converging narratives of artificial intelligence (AI) and the broader crypto market, asserting that ETH's current price remains a "discount to the future." BitMine's ambitious goal is to acquire 5% of the total ETH supply, targeting 6 million ETH.
The Evolving ETH Supply-Demand Landscape
This "legendary" accumulation by BitMine, alongside growing demand from other corporate treasuries and Exchange Traded Funds (ETFs), is creating a compelling market dynamic for Ethereum. While U.S. Spot ETH ETF inflows saw a slight slowdown in Q4, the collective institutional interest continues to bolster ETH's position. Crucially, an evident supply crunch is taking hold: the ETH Exchange Reserve has dramatically decreased by approximately 4 million ETH (a 20% drop) since July. This significant reduction in available supply on exchanges acts as a strong buffer against major price corrections and provides a foundational support for future price recovery, even as bulls eye the $5,000 mark amidst some whale profit-taking.
