Coinspeaker
Nov 17, 2025
3 0

BitMine Chairman Predicts Market Top, Holds $11.80 Billion in ETH

Key Points:

  • Thomas "Tom" Lee, chairman of BitMine, addressed concerns about crypto market peak. BitMine holds $11.8 billion in ETH.
  • Following October 10 liquidations, the market has not fully recovered, resembling a quantitative tightening (QT) scenario with reduced liquidity and increased volatility.
  • Lee predicts the crypto market has not peaked yet, expecting a top within the next 12 to 36 months, differing from past cycles.
  • BitMine's current holdings include 3,559,879 ETH valued at approximately $11.10 billion, 192 BTC, and significant assets in cash and stocks, totaling an $11.80 billion treasury.
  • ETH is trading at $3,077, with BitMine facing unrealized losses of 1.37%. The price is at a key support/resistance level that influences buyer and seller behavior.
  • Robert Kiyosaki endorses Bitcoin and Ethereum as "people's money," alongside gold and silver.

Ethereum (ETH) price chart as of November 17, 2025

The market is expected to navigate through challenges before potentially reaching new highs in the next few years, according to BitMine's analysis.