BitMine’s Tom Lee Says ETH Is Getting into 100x Supercycle

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BitMine Reportedly Buys The ETH Dip Lengthy Time period Accumulators’ ETH Balances Have Grown Associated Articles:

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Ethereum is starting the identical “supercycle” that despatched Bitcoin hovering 100x, in line with BitMine Chairman Tom Lee.

However Lee, who additionally a co-founder of Fundstrat World Advisors, stated the trail larger for Ethereum will probably be risky and urged his 559.8k followers on X to “HODL.”

“The principle takeaway from Bitcoin’s run is that to learn from a 100X cycle, you needed to abdomen existential actions to HODL,” Lee stated, including that “crypto costs are discounting an enormous future,” and that ”doubts create volatility.”

He stated that since he first beneficial Bitcoin to buyers 8.5 years in the past, BTC has seen 9 substantial worth drops, six of them with declines of greater than 50% and three of greater than 75%.

Bitcoin is a risky asset.
We first beneficial Bitcoin to Fundstrat shoppers in 2017 (1%-2% allocation)
– Bitcoin 2017 ~$1,000
Since then (previous 8.5 years), $BTC:
– 6 declines > -50%
– 3 declines > – 75%
2025, Bitcoin 100x from our first suggestion
TAKEAWAY:
To have… pic.twitter.com/xtIRGLdnWM
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) November 16, 2025

Lee’s feedback come at a tough time for ETH, which has plummeted 11% up to now week and greater than 19% within the final month. CoinMarketCap information exhibits it’s down 1.2% up to now 24 hours to commerce at $3,127 as of 10:34 a.m. EST.

BitMine Reportedly Buys The ETH Dip

BitMine is the biggest company holder of ETH and it seems to be backing Lee’s phrases with motion by shopping for the dip.

Citing on-chain information from Arkham Intelligence, the X account Whale Insider stated yesterday that the agency purchased one other 67,021 ETH for $234.47 million from Galaxy Digital, FalconX, and Coinbase.

JUST IN: Previously week, Bitmine Immersion purchased one other 67,021 $ETH ($234.47 million) from Galaxy Digital, FalconX and Coinbase – Arkham. pic.twitter.com/d7ipQYHykx
— Whale Insider (@WhaleInsider) November 16, 2025

Based on information from StrategicETHReserve, BitMine holds 3.51 million ETH on its stability sheet valued at roughly $11.16 billion.

BitMine’s Tom Lee Says ETH Is Getting into 100x Supercycle

BitMine ETH holdings overview (Supply: StrategicETHReserve)

BitMine says its objective is to accumulate 5% of ETH’s complete provide as a part of its “Alchemy of 5%” technique, and the agency is already midway there.

The StrategicETHReserve information exhibits that BitMine at present holds round 2.90% of the altcoin’s provide, which is 58% of its goal.

Lengthy Time period Accumulators’ ETH Balances Have Grown

Amid the ETH worth drop, CryptoQuant contributor Burak Kesmeci stated in a latest be aware that long-term ETH holders have “chosen accumulation over panic” this yr.

The analyst stated that round 17 million ETH has flown into “accumulation addresses” up to now in 2025.

Kesmeci additionally stated that the altcoin is simply 8% away from touching the “accumulation realized worth degree,” which “represents the typical price foundation of long-term accumulators.”

The analyst stated that in its total historical past, ETH has solely dropped beneath that degree as soon as. This was in the course of the April 2025 Trump tax-tariff disaster, which the analyst stated was “one of many highest concern intervals in fashionable market historical past.”

“Traditionally, this zone has been one of many strongest long-term accumulation alternatives in Ethereum’s market construction,” the CryptoQuant contributor wrote. “My private view: Even when ETH briefly dips beneath $2,900, it’s unlikely to remain there for lengthy.”