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BitMine's operation is truly a matter of faith, with a floating loss of 9.5 billion dollars still aggressively adding positions, treating the bear market as a clearance sale.
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