According to @lookonchain, Tom Lee’s Bitmine bought another 138,452 ETH worth $434.74M last week, bringing its holdings to 3,864,951 ETH valued at $12.13B (Source: @lookonchain). Bitmine Immersion (BMNR) stated its ETH holdings exceed 3.86M tokens and total crypto plus cash holdings are $13.2B, corroborating the scale of accumulation (Source: PR Newswire press release). The weekly addition of 138,452 ETH implies about a 3.7% increase over the prior week’s balance and an implied average purchase value near $3,140 per ETH based on the reported USD figure (Source: @lookonchain). The reported weekly buy equates to roughly 19,779 ETH per day, or about $62.1M per day, offering traders a concrete gauge of sustained spot demand size (Source: @lookonchain).

According to @cryptorover, Tom Lee’s Bitmine Immersion bought 110,288 ETH for $400 million last week, as reported on X on Nov 10, 2025, source: @cryptorover. Based on the amounts reported by @cryptorover, the implied average execution price is approximately $3,625 per ETH (400,000,000 divided by 110,288), source: @cryptorover. Because of the reported size, traders can use the ~$3,625 implied cost basis as a reference for potential near-term support or profit-taking and monitor spot order books, exchange netflows, funding rates, and open interest for confirmation of sustained demand, with this setup derived from the figures shared by @cryptorover. The post does not include transaction evidence or custodial details, so traders may seek additional verification before sizing positions, a caution driven by the information context in @cryptorover’s post, source: @cryptorover.