Bitmine Immersion Technologies just bought the dip, acquiring a further 14,665 ETH worth around $64.7 million at current market prices, according to Arkham Intelligence.<\/p>\n
The move<\/a> came as Ether dropped to weekly lows below $4,300 before recovering on Thursday morning.<\/p>\n The latest acquisition<\/a> has extended Bitmine\u2019s lead as the world\u2019s largest<\/a> Ether treasury company with 1,866,974 ETH worth around $8.2 billion. The firm now holds 1.54% of the entire supply of the asset, according<\/a> to StrategicEthReserve.<\/p>\n The move also followed a massive price prediction from Fundstrat earlier this week.<\/p>\n ETH has been cooling off over the last ten days, \u201cbut the overall consolidation looks constructive,\u201d said CFA Mike Zaccardi on Wednesday. He cited a chart from Fundstrat that looked at previous moves for the asset when it pumped by 54 times from its 2020 low below $100 to its peak at the end of 2021, just below $4,900.<\/p>\n Another 54 times move from its April low of around $1,400 could propel the asset to a whopping $75,000, but this seems a little far-fetched at the moment.<\/p>\n Yes https:\/\/t.co\/GAiSfWGwTt<\/a><\/p>\n \u2014 Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) September 4, 2025<\/a><\/p>\n\n Other price predictions have been a little more modest. Last month, Geoff Kendrick, Standard Chartered\u2019s head of digital assets research, raised<\/a> the year-end target for Ether to $7,500 from $4,000 and a 2028 target of $25,000.<\/p>\n In related news, Etherealize, an Ethereum infrastructure firm, announced on Wednesday the closing of a $40 million funding round led by Electric Capital and Paradigm.<\/p>\n This funding adds to a grant from Ethereum co-founder Vitalik Buterin and the Ethereum Foundation in 2024 to kickstart its operations and educate the financial sector about Ethereum, it stated.<\/p>\n \u201cAfter hundreds of conversations with banks and institutions, one thing is clear: the future of finance will be built on Ethereum,\u201d said Vivek Raman, CEO of Etherealize.<\/p>\n ETHEREALIZE\u2019S NEXT CHAPTER<\/p>\n We were born as a marketing and BD arm for Ethereum.<\/p>\n Today, we\u2019re excited to announce that we\u2019re expanding our mission:<\/p>\n Etherealize is building for the next era of finance\u2014where Wall Street merges with Ethereum.<\/p>\n (1\/12) pic.twitter.com\/mlmqBDmAHH<\/a><\/p>\n \u2014 Etherealize (@Etherealize_io) September 3, 2025<\/a><\/p>\n\n Ether prices<\/a> are back in the green today following a dip to an intraday low of $4,300. The asset recovered to reach $4,480 but could not sustain that level as Asian traders sold off on Thursday morning, sending ETH back to $4,400 at the time of writing.<\/p>\n Ether remains down 11% from its late August peak, but has remained in a choppy sideways pattern for the past four weeks.<\/p>\n The post Tom Lee\u2019s Bitmine Buys More ETH After Fundstrat Predicts 54x Gain<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitmine Immersion Technologies just bought the dip, acquiring a further 14,665 ETH worth around $64.7 million at current market prices, according to Arkham Intelligence. The move came as Ether dropped to weekly lows below $4,300 before recovering on Thursday morning. The latest acquisition has extended Bitmine\u2019s lead as the world\u2019s largest Ether treasury company with […]<\/p>\n","protected":false},"author":0,"featured_media":93656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93655"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93655"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93656"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ether Price Predictions to The Moon<\/h2>\n
ETH Price Bounces<\/h2>\n