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🚀 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. #crypto