BitMine keeps buying the dip 👀



Tom Lee’s BitMine Immersion Technologies increased its Ethereum reserves to 5.54M ETH, equivalent to 4.6% of the total ETH supply, after purchasing another 126,971 ETH last week — the largest weekly ETH acquisition of 2026. 🔝

The company remains the largest public holder of Ethereum and says it has already completed 92% of its goal to accumulate 5% of all ETH in circulation by the end of the year.

Around 4.72M ETH are currently staked, generating an estimated $230M in annual staking revenue. BitMine values its total crypto, cash, and investment holdings at $9.6B.

Despite holding one of the largest ETH treasuries in the world, the company is still sitting on an unrealized loss of more than $9.5B due to an average purchase price above $3,400 per ETH. 🤷

BitMine says it views the current "mini crypto winter" as an opportunity and plans to continue aggressively accumulating ETH.
#BitcoinRalliesOver5Percent
ETH5.33%
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HodlBystander
· 1h ago
92% of the way there—aiming to add another 5% by the end of the year. Is this going to be the ETH central bank?
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RetroRadioSignal
· 1h ago
4.6% of ETH circulating supply is held by a single entity; the joke about decentralization is quite valid.
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GateUser-c3de680b
· 1h ago
Tom Lee has bet his entire reputation on Fundstrat's bullish market forecast.
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NonceNina
· 1h ago
Mini crypto winter as an opportunity, this mindset is indeed institutional level
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YieldBento
· 1h ago
Staking generates $230 million annually, at least the cash flow is positive, not counting pure losses.
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VinylRecordStaking
· 1h ago
Average cost is 3400+—and now it’s showing a floating loss of 9.5 billion dollars. I’ve got to say, the level of conviction here is just unbelievable—I can’t argue with that.
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ProofOfNap
· 1h ago
9.6B total assets with an unrealized loss of 9.5B, almost all green on the books turning completely red, triggering excitement
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RetroRadioEcho
· 1h ago
BitMine's operation really is buying more as it dips, with an ETH holding of 5.54 million, which is just outrageous.
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