Tom Lee’s BitMine Buys $82 Million ETH, Shares Soar 11%

Tom Lee’s BitMine Immersion Technologies bought $82 million worth of Ethereum (ETH), sending its shares up 11%.

According to the series Data From Arkham Intelligence, cited by Lookonchain, the world’s largest ETH treasury has purchased another 28,625 tokens.

The rebound comes after a difficult month for BitMine during which its shares fell more than 42% amid doubts about whether its ETH treasury business model is sustainable.

BitMine stock price (Source: Google Finance)

Shares are still down 6% last week but are up 190% in the past six months and 270% so far this year. The price of ETH rose by 1% in the last 24 hours of trading $2,854.71 as of 11:27 AM EST.

Still, DropsTab Estimates The 27.5% decline in the price of ETH in the past month has left BitMine with an unrealized loss of $4.39 billion on its ETH holdings.

Despite this, BitMine I mentioned As of November 21, FY2025 net income of $328.1 million, with earnings per share of $13.39.

The company also announced its first annual dividend of $0.01 per share, and revealed plans to launch a “Made in America Validation Network,” a dedicated staking offering that will see the company operate its massive ETH holdings.

🧵
BitMine posted its fourth-quarter and full-year (ending August 31, 2025) results.

Fiscal year results:
– GAAP EPS of $13.39 per share
– Net income: $328 million
– Announcement of an annual dividend of $0.01 per share

Operational parameters:
– $BMNR Staking solution to be named MAVAN
– “Made in America…

— Bitmain (NYSE-BMNR) $ETH (@BitMNR) November 21, 2025

Bitwise says most treasury companies will not keep premiums

Matt Hogan, chief investment officer at Bitwise, said at X string This is what most cryptocurrency treasury companies will do in the future Trading at a discount, only a few exceptional companies will trade at a premium.

Meanwhile, spot cryptocurrency ETFs are likely to become “DAT killers,” Nate Geraci, president of NovaDiusWealth, said in a post on X, referring to digital asset treasury companies like BitMine.

“DATs have thrived through regulatory arbitrage,” he said. “This game is pretty much over now.”

Related articles:

Best Wallet – Diversify your cryptocurrency portfolio

• An easy-to-use feature-based crypto wallet
• Get early access to upcoming ICOs
• Multi-chain, multi-wallet, non-custodial
• Now on the App Store, Google Play
• Share to earn native token $BEST
• Over 250,000 monthly active users