Tom Lee
Bitmine expands Ethereum holdings to 4.3 million tokens amid downturn
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Bitmine Immersion Technologies announced on February 2, 2026, that its Ethereum holdings have reached 4.285 million tokens, representing 3.55% of the total supply, as the cryptocurrency market faces a sharp decline. The company reported total crypto, cash, and investment holdings of $10.7 billion, including staked Ethereum generating significant annual rewards. Executive Chairman Tom Lee described the current price pullback as an attractive buying opportunity despite $6.6 billion in paper losses.
Bitmine Immersion Technologies, the world's largest corporate holder of Ethereum, has announced a $200 million investment in Beast Industries, the company behind YouTube star Jimmy "MrBeast" Donaldson. The deal underscores the intersection of cryptocurrency and the creator economy, potentially supporting MrBeast's planned financial services platform. Fundstrat cofounder Tom Lee, who chairs Bitmine, highlighted the alignment of values and MrBeast's influence on younger generations.
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Fundstrat Global Advisors co-founder Tom Lee predicts Bitcoin will hit a new all-time high by the end of January 2026, building on models estimating a 70% chance sometime this year. He foresees a volatile 2026 with challenges in the first half but a strong second-half recovery, plus major Ethereum upside.