# BitMine Related Articles

HTX News Center provides the latest articles and in-depth analysis on "BitMine", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Tom Lee’s BitMine doubles down on Ethereum as markets turn red – Details

Amidst a declining crypto market, Tom Lee's BitMine Immersion Technologies is executing a long-term strategy by aggressively accumulating Ethereum (ETH). On February 18th, BitMine purchased 20,000 ETH worth $39.8 million, viewing the price drop as an opportunity rather than a risk. This follows a recent acquisition of 45,759 ETH in a single week, bringing the firm to approximately 72% of its goal to control 5% of Ethereum's total supply. While other firms like SharpLink and GameSquare are also building large ETH reserves, their stock prices have fallen significantly, suggesting investor preference for short-term stability over long-term crypto holdings. Concurrently, Spot Ethereum ETFs experienced outflows of $41.8 million, indicating institutional pullback. BitMine's strategy focuses on generating steady income through staking, with 3.04 million ETH currently staked, earning an estimated $176 million annually. The company plans to further boost revenue to $252 million by launching its own MAVAN staking network in early 2026. Ultimately, BitMine prioritizes asset ownership over market timing, aiming to become a key player in the Ethereum ecosystem.

ambcrypto4h ago

Tom Lee’s BitMine doubles down on Ethereum as markets turn red – Details

ambcrypto4h ago

$91M Ethereum Buy: Bitmine Immersion Bets Big On ETH Even As Market Volatility Persists

Despite heightened bearish pressure and market volatility keeping Ethereum's price just below $2,000, Bitmine Immersion has made a significant $91 million investment in ETH, acquiring 45,759 tokens. This purchase increases their total holdings to 4.37 million ETH, representing approximately 3.6% of the entire circulating supply. Despite sitting on $8 billion in unrealized losses with a blended cost basis of $3,821 per ETH, the firm continues to accumulate rather than exercise caution. Over 3.04 million of their ETH is staked to generate yield while they wait for market conditions to improve. Their strategy mirrors a structural supply reduction, potentially shaping ETH market outlook. At the time of writing, ETH was trading near $1,998.

bitcoinistYesterday 05:02

$91M Ethereum Buy: Bitmine Immersion Bets Big On ETH Even As Market Volatility Persists

bitcoinistYesterday 05:02

Strategy Continues To Load Up Bitcoin, Adds Another $168 Million

Strategy Continues To Load Up Bitcoin, Adds Another $168 Million Bitcoin treasury firm Strategy has purchased an additional 2,486 BTC for $168 million, increasing its total holdings to 717,131 BTC. The acquisition, funded by proceeds from stock offerings, occurred between February 9th and 16th. Despite the recent market downturn, which has put the company's holdings at an unrealized loss of over 10.7%, Strategy remains committed to its accumulation strategy. The firm stated it can withstand a BTC price drop to $8,000 and still cover its debt. In related news, Ethereum treasury company BitMine also announced a new purchase of 45,759 ETH. At the time of writing, Bitcoin's price is around $67,700.

bitcoinistYesterday 13:02

Bitmine doubles down on Ethereum as treasury data signals quiet institutional accumulation

Bitmine Immersion Technologies has significantly increased its Ethereum holdings, now controlling 4.37 million ETH, or 3.62% of the total supply, valued at approximately $8.7 billion. This forms the majority of the company's $9.6 billion in combined crypto and cash assets. Despite Ethereum's weak price action, trading near $2,000, Bitmine continues to accumulate ETH, acquiring 45,759 ETH in just one week. The company has staked 3.04 million ETH, generating an estimated $176 million in annualized revenue, with potential growth to $252 million upon full deployment via its upcoming validator network in early 2026. Broader data indicates institutional accumulation is occurring quietly, with large holders retaining their positions despite price declines, reflecting long-term strategic investment rather than short-term speculation. Bitmine's strategy is centered on Ethereum's future role in tokenization, AI payments, and identity infrastructure.

ambcrypto2 days ago 20:04

Bitmine doubles down on Ethereum as treasury data signals quiet institutional accumulation

ambcrypto2 days ago 20:04

BitMine Buys Over 40,000 ETH As Sell-Off Deepens, Shrugs Off Massive Paper Losses

BitMine Immersion Technologies acquired 40,613 ETH (worth $83–84 million) during a market downturn, increasing its total holdings to approximately 4.32–4.33 million ETH. Despite facing an estimated $7.5–8 billion in unrealized paper losses due to Ether's price decline, Executive Chairman Tom Lee defended the strategy, viewing the dip as a buying opportunity and predicting a V-shaped recovery. The company’s stock (BMNR) fell roughly 5% following the announcement, reflecting investor concern over the immediate impact on net asset value. BitMine continues to stake part of its ETH to generate yield, betting on long-term price appreciation. The outcome hinges on Ether’s price trajectory and the firm’s ability to manage short-term losses through staking returns and strategic patience.

bitcoinist02/11 06:02

BitMine Buys Over 40,000 ETH As Sell-Off Deepens, Shrugs Off Massive Paper Losses

bitcoinist02/11 06:02

BitMine builds massive Ethereum treasury as ETH price struggles to recover

Amid Ethereum's ongoing price struggles, BitMine Immersion Technologies has aggressively accumulated ETH, now holding approximately 4.33 million ETH—about 3.6% of the total supply—making it the largest publicly disclosed corporate holder. Over the past 30 days alone, the company added over 180,000 ETH, valuing its position at over $9 billion at current prices near $2,100. Despite ETH being down more than 60% from its 2025 highs, BitMine has continued buying, with about two-thirds of its holdings staked, generating yield. This significant concentration of supply introduces a new dynamic to Ethereum's market structure, though it has not yet translated into broader price recovery.

ambcrypto02/09 22:31

BitMine builds massive Ethereum treasury as ETH price struggles to recover

ambcrypto02/09 22:31

Tom Lee Says BitMine’s Ethereum Losses Are ‘A Feature, Not A Bug’

Tom Lee, chairman of BitMine, has responded to criticism regarding the company's significant unrealized losses, stating they are "a feature, not a bug." Following a major market downturn where Ethereum's price dropped nearly 25%, BitMine, the largest corporate holder of ETH, saw its holdings of 4.285 million ETH fall into substantial loss. Lee argued that these losses are expected during market downturns and are part of the firm's design to track and outperform Ethereum's price over a full market cycle. He compared the strategy to index ETFs, which also experience periods of unrealized losses. Amid the decline, BitMine has staked approximately 67% of its ETH holdings to generate passive income. Ethereum's price recently rebounded to $2,250 after a sharp drop.

bitcoinist02/05 05:07

Tom Lee Says BitMine’s Ethereum Losses Are ‘A Feature, Not A Bug’

bitcoinist02/05 05:07

Bitmine’s $6.6B ETH Drawdown: Tom Lee Calls the Bottom as LiquidChain Enters the Fray

Tom Lee of Fundstrat argues that Bitmine's $6.6 billion unrealized loss on Ethereum is not a sign of capitulation but a technical and time-based bottom, suggesting the worst of the bear market is over. This highlights a key structural issue in crypto: liquidity fragmentation across chains like Bitcoin, Ethereum, and Solana, which traps capital and causes inefficiency. LiquidChain ($LIQUID) is introduced as a potential fix—a cross-chain liquidity layer enabling seamless asset movement and unified trading without multiple bridges or wrapped assets. It also offers a deploy-once architecture for developers to build across chains easily. Lee's stance may signal a market shift toward accumulation, with interoperability solutions like LiquidChain poised to lead the next cycle.

bitcoinist02/04 08:50

Bitmine’s $6.6B ETH Drawdown: Tom Lee Calls the Bottom as LiquidChain Enters the Fray

bitcoinist02/04 08:50

Bitmine ‘steadily’ adds 41,788 ETH – Can Ethereum rebound after $10.7B bet?

Bitmine has significantly increased its Ethereum holdings by adding 41,788 ETH, bringing its total reserves to 4.28 million ETH—equivalent to 3.55% of the circulating supply—valued at $10.7 billion. Despite recent price volatility and a 10% drop in its stock, the firm remains confident in Ethereum's long-term potential, viewing the current price as disconnected from its utility and role in future finance. Beyond ETH, Bitmine maintains a diversified portfolio including Bitcoin, equity stakes, and liquid cash. The company is transitioning into a yield-focused entity and is developing U.S.-based infrastructure (MAVAN) to reduce reliance on external providers. This strategic accumulation during market weakness signals strong conviction in Ethereum's rebound and future value.

ambcrypto02/03 12:02

Bitmine ‘steadily’ adds 41,788 ETH – Can Ethereum rebound after $10.7B bet?

ambcrypto02/03 12:02

Currency and Stock Barometer丨BitMine's ETH Holdings Show Paper Loss of $6.95 Billion, but Tom Lee Says Bitmine Has No Debt; Strategy Raises $7.4 Billion Through Digital Credit in 2025 (February 3)

Fed's decision to hold rates and Trump's nomination of Kevin Warsh as Fed Chair triggered a market-wide selloff, with BTC dropping below $76k and ETH under $2.2k. Major crypto stocks like BitMine and Strategy faced significant losses. BitMine reported a $6.95 billion unrealized loss on its ETH holdings, though Chairman Tom Lee emphasized the company has no debt and finds the market dip "highly attractive." Strategy raised $7.4 billion via digital credit tools in 2025 and added 855 BTC. Ark Invest continued accumulating crypto stocks like Circle and Bitmine during the downturn. Global public companies (excluding miners) now hold 974,140 BTC, worth $76.01 billion. TRON increased its treasury holdings by purchasing more TRX tokens.

marsbit02/03 11:11

Currency and Stock Barometer丨BitMine's ETH Holdings Show Paper Loss of $6.95 Billion, but Tom Lee Says Bitmine Has No Debt; Strategy Raises $7.4 Billion Through Digital Credit in 2025 (February 3)