Tom Lee isn’t slowing down, his led BitMine Immersion Technologies just executed its largest single ETH purchase of the year, supporting their price prediction for Ethereum. The firm added 111,942 ETH worth more than $237 million in a single week, pushing total holdings to 5,390,404 ETH, now valued at around $11.4 billion.
BITMINE JUST MADE ITS BIGGEST ETH BUY THIS YEAR
BitMine added nearly 112,000 $ETH last week, worth around $237 MILLION, its biggest ETH purchase of 2026.
The firm now holds nearly 5.4 MILLION ETH and is more than 88% of the way toward its goal of owning 5% of ETH’s… pic.twitter.com/SbGgnAKH38— Coin Bureau (@coinbureau) May 26, 2026
BitMine now controls 4.4% of the circulating ETH supply, placing the firm 88% of the way toward its publicly stated 5% target. Lee, who serves as BitMine’s chairman, had recently signaled the firm might ease its purchase pace to avoid hitting 5% too fast, then turned around and bought the dip anyway.
“We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI,” he said in a statement.
Now, can institutional balance-sheet buying alone sustain a structural price floor?
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Ethereum Price Prediction: $5,500? $10,000? $15,000?
ETH is currently trading just above $2,100, a significant distance from Tom Lee’s $62K target. The current price level reflects a corrective pullback, not a trend reversal, at least by the technical structure.
Elliott Wave analysis, aligned with BitMine’s positioning, identifies key support at $2,000 with a deeper corrective floor around $1,800. Resistance stacks at $2,200, then $2,400, with a breakout path opening toward $2,600 on strong volume.
In a perfect world, ETH would reclaim $2,400 resistance on volume, triggers a run toward $2,700, then running towards the near-term target Lee has cited publicly, with medium-term projections extending to $7,000–$9,000.
However, a sustained break below $1,800 would challenge the corrective thesis and could invite a retest of lower structural support, though BitMine’s balance-sheet buying appears to compress that downside window.
Shares of BitMine (BMNR) reflect the tension, up 3.3% on the day of the disclosure but down nearly 38% over six months. The stock’s underperformance versus ETH itself is, frankly, one of the stranger disconnects in this cycle.
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Bitcoin Hyper Targets Early-Mover Upside as Ethereum Tests Key Levels
ETH’s structural bull case is compelling, but at a $250 billion market cap, the upside math requires patience. Traders rotating into earlier-stage infrastructure plays are finding asymmetric risk profiles that Ethereum, at this stage, simply can’t replicate.
The crypto market is signaling appetite for high-beta positions, and that’s where presale infrastructure projects are drawing fresh capital.
Bitcoin Hyper ($HYPER) is one of the more technically differentiated presales in the current cycle. It’s positioned as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, delivering sub-second finality and smart contract capabilities while inheriting Bitcoin’s security model.
The pitch isn’t speculative narrative; it’s a direct answer to Bitcoin’s three core limitations: slow transactions, high fees, and near-zero programmability.
The presale has raised $32 million at a current price of $0.0136 per $HYPER, with staking available at high APY. The Decentralized Canonical Bridge handles BTC transfers natively across the L2. Capital rotation into the project has been steady, consistent with appetite for Bitcoin-adjacent infrastructure at early entry.
Research Bitcoin Hyper before committing capital.
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