Bitmine
Bitmine accelerates ETH buys amid Lee's 'mini-crypto winter' endgame call
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Building on recent accumulation, Bitmine Immersion Technologies added 60,976 ether last week—its largest 2026 weekly purchase—pushing holdings past 4.5 million tokens despite $7.8 billion unrealized losses. Chairman Thomas Lee views prices as nearing the end of a 'mini-crypto winter,' justifying faster buying. Staking now yields $174 million annually.
One week after disclosing 4.285 million ETH holdings, Bitmine Immersion Technologies has added 40,613 ETH amid a price dip, reaching 4.326 million tokens (3.58% of supply) valued at $9.2 billion. Total crypto, cash, and other assets now stand at $10 billion, with staked ETH generating higher yields. Chairman Tom Lee sees the pullback as a buying opportunity.
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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.