Tom Lee To Elevate $20B For Document Company Wager on Ethereum

Tom Lee’s BitMine is searching for to lift $20 billion by way of an expanded inventory providing to purchase Ethereum, aiming to turn into ETH’s Michael Saylor with the biggest company acquisition of the asset thus far.

In accordance with a submitting on Tuesday, BitMine has expanded its at-the-market (ATM) inventory providing, which permits it to promote shares regularly at prevailing market costs, from about $4.9 billion to $24.5 billion, a fivefold enhance, with all proceeds anticipated to go towards ETH purchases.

BitMine inventory surged nearly 6% on the information yesterday and has climbed an additional 4.9% in premarket buying and selling to succeed in $65.29 as of 8:09 a.m. est.

Tom Lee is elevating $20B to purchase extra Ethereum

oh my goodness$BMNR $ETH pic.twitter.com/7g3W5a8N7C

— amit (@amitisinvesting) August 12, 2025

This comes as Ether climbed above the $4,600 degree, its highest since December 2021, because it closed on its earlier excessive of $4,891 that it set in Nov. 2021. 

ETH has surged 9.7% up to now 24 hours to commerce at $4,697 as of 8:21 a.m. EST, in line with CoinGecko. Buying and selling quantity additionally surged 45% to $59.7 billion, showcasing rising curiosity in ETH.

US spot Ethereum ETFs (exchange-traded funds) noticed one other $524.9 million in inflows yesterday after a record-breaking day on Monday.

Tom Lee Units Sights On Unprecedented 5% Ethereum Seize

Beneath Tom Lee, BitMine has grown to turn into the biggest company holder of Ethereum, hoarding 1.2 million ETH price practically $5 billion.

The legendary Wall Avenue investor and Fundstrat CEO is decided to accumulate 5% of ETH’s whole provide, up from about 0.95% now.

In the meantime, different ETH-focused digital asset treasuries are additionally scaling up, with 2.2 million ETH (1.8% of the ether provide) collected within the final 2 months.

Most ETH treasuries are taking an lively on-chain method, as they goal to deploy capital by way of staking and DeFi to boost returns. They do that whereas supporting community safety and liquidity.

This borrows from Michael Saylor’s Technique playbook, the place the corporate raises funds by way of fairness and convertible debt issuance to purchase Bitcoin. This has allowed Technique to amass over 628,946 BTC (2.9% of BTC’s provide).

Technique has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, we hodl 628,946 $BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/bx0814RI1w

— Michael Saylor (@saylor) August 11, 2025

Nevertheless, the Ethereum treasuries differ from their BTC counterparts of their potential to faucet into Ethereum’s staking and DeFi ecosystem.

The race to accumulate a bigger share of ETH is now accelerating, as these corporations construct reserves at a positive price foundation, in line with information from The Block.

In the meantime, Joseph Lubin’s Sharplink Gaming additionally introduced a $400 million registered direct providing, alongside $200 million in current ATM proceeds able to deploy, which might push its Ethereum holdings previous $3 billion.

Now, the 2 main ETH treasury corporations are exerting important shopping for strain on Ethereum.

Inflows Into ETH ETFs Prolonged To Six Days

The company acquisition of ETH comes at a time when the market can be experiencing rising inflows for US spot Ethereum ETFs.

These funding automobiles recorded $523.9 million in each day inflows on Tuesday, following Monday’s record-setting $1.02 billion.

Information from CoinGlass exhibits that six of the 9 ETFs recorded optimistic flows, led by BlackRock’s ETHA with $318.70 million in inflows.

This extends the ETH ETFs’ optimistic streak to 6 consecutive days, attracting $2.33 billion in web inflows. Because of this, spot ETH ETFs now account for $24.84 billion in web belongings, which is roughly 4.8% of Ethereum’s whole market capitalization.

In accordance with Nate Geraci, President of NovaDius Wealth, the newest inflows into ether ETFs mark a notable shift from BTC ETFs that dominated final 12 months and earlier this 12 months.

One other half bil into spot eth ETFs…

fifth finest day since launch.

Now $2.3bil over previous 5 buying and selling days.

Since starting of July, spot eth ETFs have taken in practically $1.5bil greater than spot btc ETFs.

Notable shift.

— Nate Geraci (@NateGeraci) August 13, 2025

Ethereum Worth Indicators Breakout Momentum Past ATH

The ETH value on the 3-day timeframe exhibits that the asset is on a powerful bullish development.

It’s buying and selling effectively above each the 50-day and 200-day Easy Transferring Averages (SMAs). The value of ETH has additionally damaged out of a rising channel sample to the upside, signaling sturdy momentum.

In the meantime, Fibonacci retracement ranges point out ETH has surpassed the 0% retracement at $3,955, which acted as a long-term resistance degree, in line with GeckoTerminal information.

The Relative Energy Index (RSI) additionally helps the crypto area sentiments, which exhibits that merchants are actively shopping for ETH.

Furthermore, the Transferring Common Convergence Divergence (MACD) stays firmly bullish, with the blue MACD line effectively above the orange sign line, confirming upward momentum.

ETH/USD seems poised to check the $5,500 degree within the coming weeks, which might surpass its ATH.

The Chaikin Cash Circulation (CMF), which sits at 0.32, displays sturdy shopping for strain and optimistic capital inflows into the asset.

Nevertheless, warning is warranted, because the RSI studying at 78 exhibits overbought situations, which means consumers might quickly be exhausted. On this situation, the consolidation degree and the earlier resistance degree at $3,955 might act as help.

The broader Ethereum development stays bullish, and the chance of reaching new highs stays sturdy if present momentum holds and company acquisitions enhance. 

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