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Tom Lee is not slowing down; his firm, BitMine Immersion Technologies, has executed its largest single Ethereum (ETH) purchase of the year, reinforcing its bullish price prediction for the asset. The company added 111,942 ETH, worth more than $237 million, in a single week. This move brings total holdings to 5,390,404 ETH, now valued at approximately $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 target of owning 5% of the supply. Lee, who serves as BitMine’s chairman, had recently signaled that the firm might ease its purchase pace to avoid hitting the 5% threshold too quickly, but subsequently reversed course and bought the dip.
“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.
The question remains: 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 $62,000 target. The current price level reflects a corrective pullback rather than a trend reversal, at least according to technical structures.
Elliott Wave analysis, aligned with BitMine’s positioning, identifies key support at $2,000, with a deeper corrective floor around $1,800. Resistance levels are stacked at $2,200 and then $2,400, with a breakout path opening toward $2,600 on strong volume.
In an ideal scenario, ETH would reclaim the $2,400 resistance level on volume, triggering a run toward $2,700, and then moving toward the near-term target Lee has cited publicly. Medium-term projections extend to $7,000–$9,000.
Ethereum (ETH)24h7d30d1yAll time
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However, a sustained break below $1,800 would challenge the corrective thesis and could invite a retest of lower structural support, although BitMine’s balance-sheet buying appears to compress that downside window.
Shares of BitMine (BMNR) reflect this tension, rising 3.3% on the day of the disclosure but down nearly 38% over six months. The stock’s underperformance compared to 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 $250 billion market cap, the upside math requires patience. Traders rotating into earlier-stage infrastructure plays are finding asymmetric risk profiles that Ethereum, at this stage, simply cannot replicate.
The crypto market is signaling an appetite for high-beta positions, which is where presale infrastructure projects are drawing fresh capital.
Bitcoin Hyper ($HYPER) is one of the more technically differentiated presales in the current cycle. It is 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 is not merely a speculative narrative; it is 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 a high APY. The Decentralized Canonical Bridge handles BTC transfers natively across the L2. Capital rotation into the project has been steady, consistent with the appetite for Bitcoin-adjacent infrastructure at an early entry point.
Research Bitcoin Hyper before committing capital.
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