BitMine increased its Ethereum holdings by 102,259 last week. Tom Lee believes the market has begun to recover.

BlockBeats News, December 15 — According to official sources, BitMine announced today that the total value of its held cryptocurrencies, cash, and “potential investment” assets has reached $13.2 billion. As of 6:00 PM Eastern Time on December 14, the company’s cryptocurrency holdings include: · 3,967,210 ETH · 193 BTC · Equity worth $38 million in Eightco Holdings (NASDAQ: ORBS) · $1 billion in cash. “BitMine continues to steadily increase its Ethereum holdings, adding 102,259 ETH over the past week. Cryptocurrency prices have stabilized over the past week, further indicating that the market has begun to recover from the price shock on October 10,” said Thomas Tom Lee, Chairman of BitMine and Fundstrat analyst. “The digital asset sector is expected to see several positive developments in 2025, including the passage of favorable legislation by the U.S. Congress, improved regulatory environment, and increased support from Wall Street. These factors reinforce our belief: the golden age of the crypto industry is still ahead, which is also why we continue to increase our Ethereum holdings and work towards the ‘5% alchemy’ goal.”