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BitMine Adds $214M in Ethereum in Its Largest 2026 ETH Buy

2026-06-08 15:25:53

BitMine bought 126,971 ETH worth around $214 million last week, its largest ETH-denominated purchase of 2026. Tom Lee said the broad crypto selloff is superficial and said Ethereum's case strengthened after an AI-assisted Zcash vulnerability discovery. BitMine's treasury expanded to 5,543,872 ETH valued around $9.3 billion, with around 85% staked through MAVAN.

ETH-1.27%

ZEC3.07%

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