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Ahmed Barakat
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CryptoNews Editorial Team
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Bitmine Immersion Technologies just dropped a news bomb with $147 million Ethereum purchases in a single 24-hour window. Tom Lee’s Bitmine cut 65,000 ETH and pushed his total amount to 5.07 million ETH, or more than 4.2% of the total supply.
The price of ETH is at the level of $2,250 at the time of writing, including after the relative success against Bitcoin. Tom Lee himself still has a target of $62K Ethereum in the long term as ETH records the largest payouts made against other chains.
How Bitmine Built a $147M Ethereum Market in One Day
On-chain data tracked through Arkham Intelligence shows the activity of the Bitmine wallet at a high level, with more than 626,000 ETH in verified companies on the value chain of more than $ 1.4 billion.
The company bought a block of 20,000 ETH worth $44.8 million through FalconX, a major trading platform, as part of 65,000 ETH. 10,000 shares of ETH came through a direct OTC purchase from the Ethereum Foundation on April 24, 2026.
Tom Lee, the chairman of Bitmine and the head of research Fundstrat Global Advisors, has been one of the most bullish crypto organizations. Lee said that the company believes that ETH is “in the final stages of ‘mini-crypto winter,'” and that Bitmine has now reached 3.7 million ETH, which makes about $363 million in annual revenue.
Note: The best deals before the sale starts
Really, Should We Follow Bitmine Ethereum News?
The history of Ethereum is stored on the site at all times. But at a market of $272 billion, the asymmetric return window is very narrow for those with shallow pockets. Traders chasing foreign profits are looking to the former. This is where basic presales and real technical differentiation come in.
Bitcoin Hyper ($HYPER) is at the forefront of Bitcoin Layer 2 with the integration of the Solana Virtual Machine (SVM), a new integration that provides the completion of a fraction of a second and the intelligent creation of contracts without sacrificing the security of Bitcoin.
Presale has raised more $32.5 million at the current price of $0.0136he is an elder 36% APY staking already have a presale. The main infrastructure includes the Decentralized Canonical Bridge for BTC transfers and a very limited transaction.
Hyper runs faster than Solana itself, running on Bitcoin rails. For those who believe that the difference in Bitcoin software is to unlock the next trillion dollars, the entry point here is higher authorities than ETH.
