Bitmine (BMNR) buys 61,000 ether (ETH) as Tom Lee sees end in sight for bear market
CoinDesk
BitMine increased its Ether accumulation, buying 61,000 ETH, as Chairman Tom Lee believes the 'mini crypto winter' is nearing its end.Summary
BitMine Immersion Technologies (BMNR), the largest Ethereum-focused treasury firm, recently purchased 60,976 ETH, marking its largest weekly purchase in token terms for 2026 so far, bringing its total holdings to over 4.5 million ETH, valued at more than $9 billion. Despite sitting on an unrealized loss of nearly $8 billion, Chairman Thomas Lee stated that the company is slightly increasing its pace of ETH accumulation because market signals suggest a potential bottom is forming, believing the 'mini-crypto winter' is in its late stages. BitMine currently earns $174 million annually from staking over 3 million of its ETH holdings, with potential revenue rising to $259 million once all tokens are staked for yield.
(Source：CoinDesk)