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Bitmine Immersion Technologies Reports $147 Million Ethereum Purchase in 24 Hours

According to Lookonchain, Bitmine Immersion Technologies bought about 65,000 ETH in 24 hours on April 30, lifting its total holdings above 5.07 million ETH as Tom Lee outlined a long-term $62,000 ETH target.

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Fact Check
The core claim is strongly supported by multiple independent sources. 'Tom Lee Back in The News as Bitmine Acquires 65,000 Ethereum In a Day' (CryptoNews, April 30, 2026) directly confirms the 65,000 ETH / $147M purchase in 24 hours, the total holdings figure above 5.07 million ETH, and Tom Lee's $62,000 long-term ETH price target. 'Ethereum Foundation's recent ETH sales to Tom Lee's Bitmine hit $47 million after latest deal' (The Block, May 1, 2026) provides authoritative corroboration of Bitmine's massive ETH treasury (4.19M staked ETH alone, 83% of total holdings worth ~$9.5B), consistent with the claimed total holdings scale. At least five additional outlets (MEXC, FX Leaders, CoinGape, ainvest, Phemex) independently report the same 65,000 ETH / $147M figure for April 30. The only minor uncertainty is the precise 5.07 million total holdings figure, which is not directly confirmed by The Block but is consistent with the staking data reported there. The $62,000 ETH target attributed to Tom Lee is confirmed by CryptoNews. No conflicting evidence was found.
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Summary

Bitmine Immersion Technologies acquired about 65,000 ETH worth roughly $147 million within 24 hours on April 30, according to Lookonchain. The purchases increased the company’s total Ethereum holdings to more than 5.07 million ETH, adding significant new detail to its previously disclosed one-day accumulation. The article also states that Tom Lee presented a long-term Ethereum price target of $62,000.

Terms & Concepts
  • Ethereum: A blockchain network whose native token is ETH, widely used for smart contracts and decentralized applications.
  • ETH: The native cryptocurrency of the Ethereum network, used for transactions, fees, and network participation.