Tom Lee
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.
BitMine Immersion Technologies acquired 45,759 ether last week, valued at over $90 million, increasing its total holdings to more than 4.37 million tokens. The company's chairman, Tom Lee, compared current crypto market sentiment to the lows of 2018 and 2022, yet highlighted Ethereum's potential in tokenization and AI. Despite paper losses nearing $8 billion, BitMine continues its buying strategy.
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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.