BitMine Immersion Technologies has reportedly added 14,618 ETH to its growing corporate treasury, according to Lookonchain’s review of Arkham data. The purchase—worth $44.34 million and traced to a BitGo-linked wallet—has yet to receive official confirmation from the company. The move follows BitMine’s recent disclosure of a $200 million ETH acquisition, bringing its officially reported holdings to 3.63 million ETH, or roughly 3% of Ethereum’s total supply, as it continues pursuing its goal of reaching 5%.

Company chairman Tom Lee has repeatedly voiced strong support for Ethereum, calling it a “truly neutral chain” favored by major financial institutions and potentially by future U.S. government blockchain initiatives. BitMine continues positioning itself as Ethereum’s largest corporate backer amid market volatility.

Crypto prices have been sliding for weeks, but Lee remains bullish. He forecast ETH to bottom near $2,500 before climbing toward $7,000–$9,000 by January 2026. He also expects the Federal Reserve to turn more supportive by year-end—potentially helping bitcoin surge past $100,000 and possibly set a new all-time high.

 Report

Coinbase reported holding $331.9 billion worth of Bitcoin on its platform as of September 30, 2025, according to newly released figures. The total represents roughly 2.8 million BTC, giving the exchange custody over about 14% of the cryptocurrency’s circulating supply.

The sharp increase from the prior year’s $143.2 billion highlights accelerating institutional and retail engagement on the platform. Coinbase says its Assets on Platform metric reflects customer-held crypto and USDC balances, underscoring rising market activity ahead of anticipated regulatory and product