Binance Square
#bitmine

bitmine

879,131 views
2,237 Discussing
EyeOnChain
·
--
Bullish
Bitmine Just Added Another 25,000 $ETH ... That's 125,000 ETH in 3 Days😳. At this point, #Bitmine 's ETH accumulation is starting to look relentless. Around 11 hours ago, the company acquired another 25,000 ETH, worth approximately $41.09 million, moving the funds into yet another newly identified wallet. What's interesting is that Bitmine keeps using fresh addresses for these purchases, making the accumulation campaign look even more deliberate. And this latest buy isn't happening in isolation. Over the past three days, Bitmine has accumulated a staggering 125,000 ETH, spending roughly $206 million in the process. Read that again👇 125,000 ETH. $206 million. Three days. Most traders are still debating whether ETH has more upside from here. Bitmine doesn't seem interested in the debate. They're just buying. Again and again. Address: 0x17AA0E44612EA669b54F4Adf18F496377241bba8 {future}(ETHUSDT) {spot}(ETHUSDT)
Bitmine Just Added Another 25,000 $ETH ... That's 125,000 ETH in 3 Days😳.
At this point, #Bitmine 's ETH accumulation is starting to look relentless. Around 11 hours ago, the company acquired another 25,000 ETH, worth approximately $41.09 million, moving the funds into yet another newly identified wallet.
What's interesting is that Bitmine keeps using fresh addresses for these purchases, making the accumulation campaign look even more deliberate. And this latest buy isn't happening in isolation.
Over the past three days, Bitmine has accumulated a staggering 125,000 ETH, spending roughly $206 million in the process.
Read that again👇
125,000 ETH. $206 million. Three days. Most traders are still debating whether ETH has more upside from here. Bitmine doesn't seem interested in the debate. They're just buying.
Again and again.

Address: 0x17AA0E44612EA669b54F4Adf18F496377241bba8
Verified
Fundstrat-backed #Bitmine (#BitMNR ) continues its aggressive accumulation playbook, purchasing 25,000 $ETH for $41 million. This brings the firm’s total buying volume to 125,000 $ETH ($205M) over the past three days alone. BitMine now commands a massive corporate treasury of 5.54 million #ETH , representing roughly 4.6% of the asset's total circulating supply. Despite the consistent buying, current market drawdowns leave the firm sitting on an estimated $9.9 billion in unrealized losses.
Fundstrat-backed #Bitmine (#BitMNR ) continues its aggressive accumulation playbook, purchasing 25,000 $ETH for $41 million.

This brings the firm’s total buying volume to 125,000 $ETH ($205M) over the past three days alone. BitMine now commands a massive corporate treasury of 5.54 million #ETH , representing roughly 4.6% of the asset's total circulating supply.

Despite the consistent buying, current market drawdowns leave the firm sitting on an estimated $9.9 billion in unrealized losses.
🚨 Bitmine Is Aggressively Stacking ETH — Drops $41M in One Day, Building a Giant Corporate Treasury 📈🐳 Bitmine just showed serious conviction in Ethereum. According to on-chain data from Lookonchain, the company bought $41 million worth of ETH on Wednesday alone. Over the past three days, Bitmine has reportedly accumulated 125,000 ETH, valued at around $205 million at current prices. This aggressive buying spree positions Bitmine as one of the largest corporate Ethereum holders globally. While Bitmine has not yet officially confirmed the latest purchases (they usually provide weekly updates), the on-chain activity is loud and clear. The company appears to be treating ETH as a core treasury asset alongside its Bitcoin strategy. Why This Matters: Corporate accumulation of ETH at scale highlights growing institutional belief in Ethereum’s long-term utility — staking yields, tokenization, DeFi, and AI agent infrastructure. Bitmine loading up on ETH — smart corporate treasury play or risky bet? Are you bullish on corporate ETH adoption? Drop your thoughts 👇 $ETH {spot}(ETHUSDT) #ETH #Bitmine #CryptoNewss
🚨 Bitmine Is Aggressively Stacking ETH — Drops $41M in One Day, Building a Giant Corporate Treasury 📈🐳

Bitmine just showed serious conviction in Ethereum.

According to on-chain data from Lookonchain, the company bought $41 million worth of ETH on Wednesday alone. Over the past three days, Bitmine has reportedly accumulated 125,000 ETH, valued at around $205 million at current prices.

This aggressive buying spree positions Bitmine as one of the largest corporate Ethereum holders globally.

While Bitmine has not yet officially confirmed the latest purchases (they usually provide weekly updates), the on-chain activity is loud and clear. The company appears to be treating ETH as a core treasury asset alongside its Bitcoin strategy.

Why This Matters:
Corporate accumulation of ETH at scale highlights growing institutional belief in Ethereum’s long-term utility — staking yields, tokenization, DeFi, and AI agent infrastructure.

Bitmine loading up on ETH — smart corporate treasury play or risky bet? Are you bullish on corporate ETH adoption? Drop your thoughts 👇

$ETH

#ETH #Bitmine #CryptoNewss
🚨 Tom Lee’s Bitmine Expands Ethereum Holdings with $123M Buy Bitmine, backed by Tom Lee (@fundstrat), has added another 75,000 $ETH worth approximately $123 million in the past 12 hours, according to onchain data from Lookonchain. The ETH was accumulated via Kraken and FalconX, signaling continued institutional-scale accumulation. This latest purchase further strengthens Bitmine’s growing Ethereum treasury strategy, highlighting long-term conviction in ETH exposure at scale. #TomLee #Bitmine #ETH #Kraken
🚨 Tom Lee’s Bitmine Expands Ethereum Holdings with $123M Buy

Bitmine, backed by Tom Lee (@fundstrat), has added another 75,000 $ETH worth approximately $123 million in the past 12 hours, according to onchain data from Lookonchain.

The ETH was accumulated via Kraken and FalconX, signaling continued institutional-scale accumulation.

This latest purchase further strengthens Bitmine’s growing Ethereum treasury strategy, highlighting long-term conviction in ETH exposure at scale.

#TomLee #Bitmine #ETH #Kraken
·
--
Bullish
Bitmine's ETH Buying Spree Is Getting Hard to Ignore. Just when you think they're done buying... another massive withdrawal shows up on-chain. Over the past 9 hours, #Bitmine has acquired another 75,000 ETH, worth approximately $123 million, pulling funds from both Kraken and FalconX through three newly identified addresses. The newly tracked wallets are: • 0x7dB09a9185a3bf1fF4625a680861983E4Fe496d1 • 0x08CB8987Eae059893132c481Df31a41fcd7e5DE5 • 0xcB61d145Cf8dcAda701771e9a4F0e8e80e2D8D56 And honestly... the numbers are starting to look ridiculous. First 25,000 ETH. Then another 75,000 $ETH . At this point, the bigger question isn't whether Bitmine is bullish on Ethereum. It's how much ETH they're ultimately trying to accumulate. {future}(ETHUSDT) {spot}(ETHUSDT)
Bitmine's ETH Buying Spree Is Getting Hard to Ignore. Just when you think they're done buying... another massive withdrawal shows up on-chain.
Over the past 9 hours, #Bitmine has acquired another 75,000 ETH, worth approximately $123 million, pulling funds from both Kraken and FalconX through three newly identified addresses.
The newly tracked wallets are:
• 0x7dB09a9185a3bf1fF4625a680861983E4Fe496d1
• 0x08CB8987Eae059893132c481Df31a41fcd7e5DE5
• 0xcB61d145Cf8dcAda701771e9a4F0e8e80e2D8D56
And honestly... the numbers are starting to look ridiculous. First 25,000 ETH. Then another 75,000 $ETH .
At this point, the bigger question isn't whether Bitmine is bullish on Ethereum. It's how much ETH they're ultimately trying to accumulate.
Institutional capital keeps flowing into crypto equities. 457 institutional holders are now in control of 136.7 million shares of BitMine, totaling $2.86 billion. Against this backdrop, Tom Lee's firm scooped up another 45,759,$ETH worth $91 million last week. This isn't speculation; it's strategic accumulation sending a clear signal to the market. #BitMine is echoing MicroStrategy's path, but with a bet on $ETH instead of Bitcoin. And judging by their accumulation pace, they clearly know something that most retail investors haven't priced in yet 👀​​​​​​​​​​​​​​​​
Institutional capital keeps flowing into crypto equities. 457 institutional holders are now in control of 136.7 million shares of BitMine, totaling $2.86 billion.

Against this backdrop, Tom Lee's firm scooped up another 45,759,$ETH worth $91 million last week. This isn't speculation; it's strategic accumulation sending a clear signal to the market.

#BitMine is echoing MicroStrategy's path, but with a bet on $ETH instead of Bitcoin. And judging by their accumulation pace, they clearly know something that most retail investors haven't priced in yet 👀​​​​​​​​​​​​​​​​
Article
eth newsEthereum trades near $1,691, but bearish MACD and Aroon readings keep sellers firmly in control.A weekly close below $1,500 could expose Ethereum to the next major support near $1,000.BitMine bought 126,971 ETH during weakness, lifting its total treasury holdings to 5.54 million tokens.#eth #bitmine

eth news

Ethereum trades near $1,691, but bearish MACD and Aroon readings keep sellers firmly in control.A weekly close below $1,500 could expose Ethereum to the next major support near $1,000.BitMine bought 126,971 ETH during weakness, lifting its total treasury holdings to 5.54 million tokens.#eth #bitmine
On-chain data shows that a newly created wallet received 25,000 $ETH from BitGo, worth about $40.93 million at the time of monitoring. This address has been tagged by Onchain Lens as a suspected BitMine-related address. It's worth noting that new wallets receiving large amounts of ETH often correspond to custody transfers, institutional rebalancing, or preparations for future on-chain activities. However, we can currently only confirm the flow of funds and cannot directly infer buying or selling intentions. Moving forward, we should watch whether this address continues to disperse funds, enters exchanges, or participates in staking/DeFi. #ETH #链上数据 #BitMine
On-chain data shows that a newly created wallet received 25,000 $ETH from BitGo, worth about $40.93 million at the time of monitoring. This address has been tagged by Onchain Lens as a suspected BitMine-related address.

It's worth noting that new wallets receiving large amounts of ETH often correspond to custody transfers, institutional rebalancing, or preparations for future on-chain activities. However, we can currently only confirm the flow of funds and cannot directly infer buying or selling intentions. Moving forward, we should watch whether this address continues to disperse funds, enters exchanges, or participates in staking/DeFi.

#ETH #链上数据 #BitMine
·
--
Bullish
#Bitmine Is Still Buying $ETH ... and the Pace Hasn't Slowed Down. 7 hours ago, a newly linked address withdrew 25,000 ETH worth approximately $42.03 million from Kraken. The fresh wallet , 0x708E...0074 ... appears to be part of Bitmine's growing Ethereum accumulation strategy, adding another sizeable chunk to what is already one of the largest ETH positions in the market. Just another 25,000 ETH moved off an exchange and into custody. At this point, every new purchase is less about the size and more about the message. Despite already holding billions of dollars worth of Ethereum, Bitmine still seems comfortable adding more. And apparently, they're not even using the same wallets anymore. New address: 0x708EC53182d8de6bCdFA7A9c98a6cc4dd0960074 {future}(ETHUSDT) {spot}(ETHUSDT)
#Bitmine Is Still Buying $ETH ... and the Pace Hasn't Slowed Down.
7 hours ago, a newly linked address withdrew 25,000 ETH worth approximately $42.03 million from Kraken.
The fresh wallet , 0x708E...0074 ... appears to be part of Bitmine's growing Ethereum accumulation strategy, adding another sizeable chunk to what is already one of the largest ETH positions in the market.
Just another 25,000 ETH moved off an exchange and into custody.
At this point, every new purchase is less about the size and more about the message. Despite already holding billions of dollars worth of Ethereum, Bitmine still seems comfortable adding more.
And apparently, they're not even using the same wallets anymore.
New address: 0x708EC53182d8de6bCdFA7A9c98a6cc4dd0960074
Bitmine just dropped another aggressive buy that takes their corporate treasury to 5,543,872 $ETH. That’s now 4.59% of the total Ethereum circulating supply. They’re sitting just 490,000 ETH away from locking in their Alchemy of 5% macro goal. Pretty wild level of accumulation from a single entity. Makes you think about how these big treasury plays could ripple through the space, especially with $BTC and $SOL holding firm lately. #Ethereum #CryptoTreasury #Bitmine #OnChain
Bitmine just dropped another aggressive buy that takes their corporate treasury to 5,543,872 $ETH . That’s now 4.59% of the total Ethereum circulating supply. They’re sitting just 490,000 ETH away from locking in their Alchemy of 5% macro goal.

Pretty wild level of accumulation from a single entity. Makes you think about how these big treasury plays could ripple through the space, especially with $BTC and $SOL holding firm lately.

#Ethereum #CryptoTreasury #Bitmine #OnChain
·
--
Bullish
Unverified content
WHATEVER the "PRICE of ETH" Bitmine Just Keeps Buying... Despite Being Deep LOSS🤯. #Bitmine seems to have other ideas. Last week alone, the company added another 126,971 $ETH , spending roughly $213.2 million to increase an already enormous position. That brings Bitmine's total Ethereum holdings to 5,543,872 ETH, currently valued at around $9.31 billion. Their average purchase price sits near $3,460 per ETH. With Ethereum trading well below that level, the company is now staring at an unrealized loss of more than $9.88 billion. {future}(ETHUSDT) {spot}(ETHUSDT)
WHATEVER the "PRICE of ETH" Bitmine Just Keeps Buying... Despite Being Deep LOSS🤯.
#Bitmine seems to have other ideas. Last week alone, the company added another 126,971 $ETH , spending roughly $213.2 million to increase an already enormous position.
That brings Bitmine's total Ethereum holdings to 5,543,872 ETH, currently valued at around $9.31 billion. Their average purchase price sits near $3,460 per ETH.
With Ethereum trading well below that level, the company is now staring at an unrealized loss of more than $9.88 billion.
BitMine acquires additional 126,971 $ETH #BitMine announces acquisition of 126,971 $ETH, bringing its total holdings to 5,543,872 $ETH at $1,630 per $ETH. BitMine hasn't added $ETH in staking over the past week. The total staked $ETH by BitMine is 4,718,677. BitMine is a pioneering digital asset platform dedicated to maximizing ETH per share and advancing the #Ethereum ecosystem through strategic treasury management and native protocol participation. 👉 x.com/BitMNR/status/2063962528015626605
BitMine acquires additional 126,971 $ETH

#BitMine announces acquisition of 126,971 $ETH, bringing its total holdings to 5,543,872 $ETH at $1,630 per $ETH. BitMine hasn't added $ETH in staking over the past week. The total staked $ETH by BitMine is 4,718,677.

BitMine is a pioneering digital asset platform dedicated to maximizing ETH per share and advancing the #Ethereum ecosystem through strategic treasury management and native protocol participation.

👉 x.com/BitMNR/status/2063962528015626605
Verified
Tom Lee’s Bitmine Immersion Technologies Bought Another 126,971 $ETH Last Week ($207M) And Now Holds 5,543,872 ETH ($9.0B) $BMNR Total Holdings: ➤ 5,543,872 Ethereum (~$9.0B) ➤ 4,718,677 ETH Staked (~$7.7B), 85%+ of holdings ➤ 204 BTC ➤ $247M Cash ➤ $268M In “Moonshot” Investments (Beast Industries + Eightco) Total Crypto + Cash + Moonshots: ~$9.6 Billion Key Highlights: ➤ Owns 4.59% Of Total ETH Supply ➤ $230M–$270M Projected Annual Staking Revenue ➤ 92% Progress Toward The 5% ETH Supply Goal ➤ Largest Ethereum Treasury In The World ➤ #2 Largest Crypto Treasury Globally After $MSTR ➤ #148 Most Traded Stock In The US With ~$829M Daily Volume #Bitmine Is Now Just 456,128 ETH Away From Reaching Its Ambitious Goal Of Owning 5% Of Ethereum’s Entire Supply. #Ethereum #CryptoPatel
Tom Lee’s Bitmine Immersion Technologies Bought Another 126,971 $ETH Last Week ($207M) And Now Holds 5,543,872 ETH ($9.0B)

$BMNR Total Holdings:
➤ 5,543,872 Ethereum (~$9.0B)
➤ 4,718,677 ETH Staked (~$7.7B), 85%+ of holdings
➤ 204 BTC
➤ $247M Cash
➤ $268M In “Moonshot” Investments (Beast Industries + Eightco)

Total Crypto + Cash + Moonshots: ~$9.6 Billion

Key Highlights:
➤ Owns 4.59% Of Total ETH Supply
➤ $230M–$270M Projected Annual Staking Revenue
➤ 92% Progress Toward The 5% ETH Supply Goal
➤ Largest Ethereum Treasury In The World
➤ #2 Largest Crypto Treasury Globally After $MSTR
➤ #148 Most Traded Stock In The US With ~$829M Daily Volume

#Bitmine Is Now Just 456,128 ETH Away From Reaching Its Ambitious Goal Of Owning 5% Of Ethereum’s Entire Supply.

#Ethereum #CryptoPatel
thanhgiong1168:
Thằng béo mua , thằng gầy bán đi chơi gái 😂😂
·
--
🕵🏽‍♂️🧾The company's holdings include 5.54 million Ethereum tokens ($ETH ) valued at $1,630 per token, 204 Bitcoin $BTC , $247 million in cash, a $180 million stake in Beast Industries, and an $88 million stake in Eightco Holdings (ORBS). Bitmine's ETH holdings represent 4.59% of the total ETH supply, which is 120.7 million tokens. The company holds 4.72 million ETH in staking, valued at $7.7 billion at current prices. Bitmine acquired 126,971 ETH over the past week, according to the announcement. "Over the past week, we acquired 126,971 ETH. We've ramped up our purchases because we believe this dip in ETH prices does not reflect the strengthening fundamentals of Ethereum," stated Thomas Lee, president of Bitmine. Bitmine operates MAVAN (Made in America Validator Network), a staking platform launched in 2026 that has generated an annualized yield over 7 days of 2.99%. The company anticipates annualized staking revenue of $230 million based on its current operations. The stock trades with an average daily dollar volume of $829 million over five days as of 05/06/2026, ranking 148th among U.S. listed stocks, according to company data citing Fundstrat research. Bitmine describes itself as a Bitcoin miner operating in the U.S. that deploys its excess capital into cash operations in Ethereum. The company aims to reach 5% of the total ETH supply, which it refers to as "the 5% alchemy." 🕵🏽‍♂️ @888stx #Binance #BinanceSquare #BinanceNews #Bitmine {spot}(BTCUSDT) {future}(ETHUSDT) {future}(BIGTIMEUSDT)
🕵🏽‍♂️🧾The company's holdings include 5.54 million Ethereum tokens ($ETH ) valued at $1,630 per token, 204 Bitcoin $BTC , $247 million in cash, a $180 million stake in Beast Industries, and an $88 million stake in Eightco Holdings (ORBS). Bitmine's ETH holdings represent 4.59% of the total ETH supply, which is 120.7 million tokens.

The company holds 4.72 million ETH in staking, valued at $7.7 billion at current prices. Bitmine acquired 126,971 ETH over the past week, according to the announcement.

"Over the past week, we acquired 126,971 ETH. We've ramped up our purchases because we believe this dip in ETH prices does not reflect the strengthening fundamentals of Ethereum," stated Thomas Lee, president of Bitmine.

Bitmine operates MAVAN (Made in America Validator Network), a staking platform launched in 2026 that has generated an annualized yield over 7 days of 2.99%. The company anticipates annualized staking revenue of $230 million based on its current operations.

The stock trades with an average daily dollar volume of $829 million over five days as of 05/06/2026, ranking 148th among U.S. listed stocks, according to company data citing Fundstrat research.

Bitmine describes itself as a Bitcoin miner operating in the U.S. that deploys its excess capital into cash operations in Ethereum. The company aims to reach 5% of the total ETH supply, which it refers to as "the 5% alchemy."
🕵🏽‍♂️ @888stx

#Binance #BinanceSquare #BinanceNews #Bitmine

·
--
Bullish
🚨 BitMine is doubling down on Ethereum BitMine has added nearly $214 million worth of ETH to its coffers, a move that confirms that the big players are still stacking Ethereum despite market volatility. Importantly, Tom Lee pointed out potential fragility in Zcash, while continuing to back BitMine's strategy of raising more capital to buy more of $ETH . The message is clear: When institutions start accumulating Ethereum in such volumes, it signals that this bet isn't just short-term… it could be gearing up for a bigger phase in the market. But always remember: Institutional movement doesn’t mean random entry; it means monitoring support levels, liquidity, and Bitcoin action before making any moves. Do you think $ETH is gearing up for a new bull run? 👀 #ETH #Ethereum #BitMine {spot}(ETHUSDT)
🚨 BitMine is doubling down on Ethereum

BitMine has added nearly $214 million worth of ETH to its coffers, a move that confirms that the big players are still stacking Ethereum despite market volatility.

Importantly, Tom Lee pointed out potential fragility in Zcash, while continuing to back BitMine's strategy of raising more capital to buy more of $ETH .

The message is clear:

When institutions start accumulating Ethereum in such volumes, it signals that this bet isn't just short-term… it could be gearing up for a bigger phase in the market.

But always remember:
Institutional movement doesn’t mean random entry; it means monitoring support levels, liquidity, and Bitcoin action before making any moves.

Do you think $ETH is gearing up for a new bull run? 👀

#ETH #Ethereum #BitMine
Verified
On the hunt for #Ethereum ! #Bitmine secures 207 million in #ETH and is eyeing control of 5% of the entire global supply. Bitmine Immersion Technologies capitalized on the market panic to scoop up 126,971 Ethereum in just one week, shelling out around 207 million dollars. This move marks a massive increase in the company's accumulation rate, nearly quintupling the 26,497 ETH they bought the previous week. Strategy "5% Alchemy": With this maneuver, Bitmine now controls 4.59% of the total circulating supply of Ethereum (5,543,872 ETH in total). They are just a step away (at 92%) from their ambitious corporate goal, needing only 490,000 more ETH to complete it. The firm executed this order following a brutal market crash that dragged Ethereum's price down by 30% from its April highs. Tom Lee, president of Bitmine, was clear in explaining the aggressive play: the price drop is a market anomaly and does not reflect the true value or the solid technical fundamentals of the Ethereum network. #CryptoNews $ETH {spot}(ETHUSDT)
On the hunt for #Ethereum !
#Bitmine secures 207 million in #ETH and is eyeing control of 5% of the entire global supply.

Bitmine Immersion Technologies capitalized on the market panic to scoop up 126,971 Ethereum in just one week, shelling out around 207 million dollars.
This move marks a massive increase in the company's accumulation rate, nearly quintupling the 26,497 ETH they bought the previous week.

Strategy "5% Alchemy": With this maneuver, Bitmine now controls 4.59% of the total circulating supply of Ethereum (5,543,872 ETH in total). They are just a step away (at 92%) from their ambitious corporate goal, needing only 490,000 more ETH to complete it.

The firm executed this order following a brutal market crash that dragged Ethereum's price down by 30% from its April highs.

Tom Lee, president of Bitmine, was clear in explaining the aggressive play: the price drop is a market anomaly and does not reflect the true value or the solid technical fundamentals of the Ethereum network.
#CryptoNews $ETH
#Bitmine BitMine has submitted documents to issue preferred shares, based on recent disclosures. The company's unrealized losses have surpassed $9 billion. As the top corporate purchaser of ETH, CEO Tom Lee maintains that Ethereum is currently in a "super-bull cycle" that could continue for 10 to 15 years.
#Bitmine BitMine has submitted documents to issue preferred shares, based on recent disclosures. The company's unrealized losses have surpassed $9 billion. As the top corporate purchaser of ETH, CEO Tom Lee maintains that Ethereum is currently in a "super-bull cycle" that could continue for 10 to 15 years.
Bitmine Dips into Ethereum: Snags 126,971 ETH in a Week, Setting 2026's Largest Weekly Holding Record Bitcoin mining outfit Bitmine went on a buying spree last week during the ETH crash, shelling out around $214 million to acquire 126,971 ETH, marking the company’s biggest weekly ETH purchase in 2026. Despite Chairman Tom Lee's earlier call to slow down on the buying, Bitmine ramped up its acquisition, stating that 'the pullback in ETH prices doesn’t reflect the strengthening of its fundamentals.' Currently, Bitmine's total crypto assets, cash, and investments stand at $9.9 billion. Why it Matters: The mining company's aggressive accumulation of ETH amidst the downturn showcases institutional confidence in Ethereum's long-term value, a move often viewed as a 'Smart Money' signal that suggests a market bottom. #Ethereum #ETH #Bitmine #CryptoMarket
Bitmine Dips into Ethereum: Snags 126,971 ETH in a Week, Setting 2026's Largest Weekly Holding Record

Bitcoin mining outfit Bitmine went on a buying spree last week during the ETH crash, shelling out around $214 million to acquire 126,971 ETH, marking the company’s biggest weekly ETH purchase in 2026. Despite Chairman Tom Lee's earlier call to slow down on the buying, Bitmine ramped up its acquisition, stating that 'the pullback in ETH prices doesn’t reflect the strengthening of its fundamentals.' Currently, Bitmine's total crypto assets, cash, and investments stand at $9.9 billion.

Why it Matters: The mining company's aggressive accumulation of ETH amidst the downturn showcases institutional confidence in Ethereum's long-term value, a move often viewed as a 'Smart Money' signal that suggests a market bottom.

#Ethereum #ETH #Bitmine #CryptoMarket
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number