According to @lookonchain, Bitmine Immersion, ticker BMNR and identified by @lookonchain as associated with Tom Lee of Fundstrat, purchased 44,463 ETH worth about 130 million dollars last week and now holds 4,110,525 ETH valued around 12.02 billion dollars. PR Newswire reports the company stated its ETH holdings reached about 4.11 million tokens and its combined crypto and cash holdings total 13.2 billion dollars. Based on these reported figures from @lookonchain, the weekly addition increased its ETH stack by roughly 1.08 percent and implies an average acquisition price near 2,924 dollars per ETH. These whale accumulation datapoints are relevant for traders monitoring large wallet flows in Ethereum markets, as flagged by @lookonchain and reflected in the PR Newswire release.

According to @lookonchain, Bitmine linked to Tom Lee (@fundstrat) purchased 27,316 ETH worth about $113M and is shown holding 3.34M ETH valued near $13.3B, based on Arkham Intelligence data for address 0xDc80040e8a9826598BDea575e345CFB88253a07f (source: @lookonchain; source: Arkham Intelligence). The 27,316 ETH purchase equals roughly 0.82 percent of the reported 3.34M ETH stack and implies an average price near $4,136 per ETH from the figures shared (source: @lookonchain). @lookonchain also referenced a related post by BitMNR on X while flagging this activity, providing additional wallet-attribution context (source: @lookonchain; source: BitMNR on X).

According to the source, Tom Lee forecast year-end targets of $200,000–$250,000 for BTC and $10,000–$12,000 for ETH. Source: Tom Lee. He also stated that Wall Street and the Trump administration will adopt Ethereum. Source: Tom Lee.