BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum (ETH) worldwide, announced on Monday that it had made a significant new purchase of nearly 61,000 ETH. BitMine Holds 3.7% Of Total Ethereum Supply BitMine’s latest transaction, comprising 60,976 Ethereum tokens, marks the company’s largest weekly acquisition in terms of tokens so far in 2026. Following this acquisition, BitMine’s total ETH holdings have risen to 4.5 million tokens. Notably, BitMine now holds around 3.76% of the total Ethereum supply, positioning itself over 75% of the way toward its ambitious target dubbed the “Alchemy of 5%” within just eight months. Related Reading: Why A U.S. Court Says Binance Is Not (Yet) Liable for Terrorist Crypto Flows In addition to its cryptocurrency holdings, BitMine disclosed that it has 3,040,483 ETH staked, which is valued at approximately $6 billion based on an ETH price of $1,965 at the time of the company’s disclosure. The firm’s total assets, including cash and other cryptocurrencies, have reached $10.3 billion, comprising 4.535 million ETH tokens, $1.2 billion in cash holdings, and various other crypto assets. As Ethereum prices stabilize above the crucial $2,000 support level, CEO Tom Lee highlighted the resilience of ETH amidst rising geopolitical tensions and increasing oil prices. Final Stages Of ‘Mini-Crypto Winter’ Lee commented on the current market conditions, expressing confidence that crypto prices are entering the final stages of what he referred to as a “mini-crypto winter.” Ethereum prices showed resilience this week, in the face of rising war concerns and surging oil prices. We continue to believe that crypto prices are in the late/final stages of the ‘mini-crypto winter. Lee also noted that ETH price movements are tracking trends observed in the S&P 500 during the falls of 2011 and 1987. According to analyses from BitMine’s advisor, Tom DeMark of DeMark Analytics, these historical connections show correlations of up to 89% and 93% with the S&P 500’s behavior during those periods. The analyst also predicts that Ethereum prices are likely to reach their lowest point between 8 and 14 March, potentially dipping just below the recent low of $1,740. This could equate to a decline of around 14% from current trading prices. Related Reading: Expert Trader Shows ‘Simple Math’ To Calculate The Bitcoin Price Bottom Lee also added that BitMine’s strategy involves slightly increasing the pace of its ETH accumulation, enhancing its recent buying activity from an average of 45,000 to 50,000 ETH per week to the latest purchase of 60,976 ETH. On Monday, Ethereum experienced a 4% gain, allowing the token to reclaim the $2,000 mark after a brief dip below that key level over the weekend. Concurrently, BitMine’s stock, BMNR, also showed positive movement, trading at $20.70 per share at the time of writing, marking a significant 10% rally for the company. Featured image from OpenArt, chart from TradingView.com
The company now holds more than 4.5 million ETH, worth over $9 billion, though it is sitting on a loss of nearly $8 billion.
Bitmine Immersion Technologies has increased its ether treasury to 4.535 million ETH — about 3.76% of total supply.
The short seller firm said that Ethereum's native token is "impaired," leaving treasury firm BitMine holding the bag while co-founder Vitalik buterin is selling.
The ether treasury firm now has nearly $10 billion in assets and more than $6 billion of ETH staked.
Bitmine holds 4.47 million ETH, or 3.71% of supply, with total crypto, cash and equity stakes valued at $9.9 billion.
Institutional capital has transformed the cryptocurrency market dynamics, changing who participates and how digital assets are traded. The arrival of spot exchange-traded funds, corporate treasury allocations, and access through major brokerage platforms has pulled Bitcoin and Ethereum deeper into traditional finance. Vanguard, for instance, reversed its long-held anti-crypto stance just a few months ago, allowing trading in funds that hold Bitcoin, Ethereum, XRP, and Solana. However, talking about bad timing, these cryptocurrencies have struggled in the months following that policy change. Challenging Months For Institutional Investors The entrance of major asset managers such as BlackRock and Fidelity Investments was a structural turning point for Bitcoin. The January 2024 launch of Spot Bitcoin ETFs in the United States opened the door for pension funds, registered investment advisors, and other conservative capital pools to gain exposure without directly holding Bitcoin. These ETFs have accumulated billions of dollars in inflows, with custodians now holding a meaningful share of Bitcoin’s circulating supply. Related Reading: Here’s All You Need To Know About The Bitcoin Price This Week However, the past few months have been really challenging for investors. Notably, the last month of inflows into Spot Bitcoin ETFs was in October 2025, when it was pushing to new all-time highs above $126,000. Since then, it has been months of net outflows, and this has weighed down on Bitcoin’s price action. Same goes for Spot Ethereum ETFs, which recorded consecutive months of outflows since November 2025. Vanguard clients are likely among those feeling the impact most directly. In December 2025, US-based investment management company Vanguard reversed its anti-crypto stance and started allowing trading of ETFs and mutual funds that hold Bitcoin, Ethereum, XRP, and Solana. The availability of these crypto products on a major mainstream brokerage like Vanguard was a milestone for crypto investing. Vanguard manages over $12 trillion in assets and serves tens of millions of investors. Unsurprisingly, the price action of Bitcoin and other top cryptocurrencies initially reacted positively to the Vanguard news. However, the timing coincided with a downturn across the entire crypto market, which has been having a red 2026 so far. Since Vanguard’s rollout, Bitcoin’s price has fallen by about 30%, while Ethereum, Solana, and XRP have fallen by about 40% in the same period. Is Institutional Involvement A Threat Or A Sign Of Maturity? It is clear that institutional entry has not erased the volatile nature of crypto markets. Bitcoin and Ethereum are still subject to swings in investor risk appetite, although this is now at a larger scale. Therefore, the question of whether institutions are killing Bitcoin and Ethereum is based on perspective. Related Reading: Why Investors Are Not Buying Bitcoin And Ethereum Despite ‘Low’ Prices The presence of regulated ETFs means that downturns are now absorbed by a wider set of market participants. Companies like BitMine and Strategy are still in the business of huge purchases. New investor bases like this can help sustain prices over time. However, one thing is clear: cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana are no longer fringe assets operating outside the traditional investment system; they now sit within it. This integration will even become more clear once the CLARITY Act is passed in the US. Featured image from iStock, chart from Tradingview.com
Bitmine increased holdings to 4.42 million ETH, controlling 3.66% of supply and generating $171 million staking revenue.
Tom Lee's Ethereum-focused firm continues buying into the crypto market weakness, now 4.42 million ETH tokens, or about 3.66 percent of the total supply.
The Ethereum treasury firm continues its buying spree with its largest weekly ETH purchase in token terms this year.
The BitMine chairman said at Hong Kong Consensus 2026 that MrBeast acquiring neobank Step could win over a new generation of investors to crypto.
Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses. At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate crypto accumulation even as prices remain under pressure. Strategy Adds 1,142 BTC Despite Rising Losses In a filing with the US Securities and Exchange Commission disclosed on Monday, Strategy reported the purchase of an additional 1,142 Bitcoin for approximately $90 million. The acquisition was made between February 2 and February 8 at an average price of $78,815 per coin, according to the company’s 8‑K filing with the regulator. The move extends Strategy’s aggressive Bitcoin buying campaign, even as the value of its massive crypto treasury remains below its total acquisition cost on paper. Related Reading: After Predicting XRP’s Drop, Analyst Says The Bottom May Be In With the latest purchase, Strategy’s total Bitcoin holdings have climbed to 714,644 BTC, a position currently valued at roughly $49 billion based on prevailing market prices. The company has spent about $54.4 billion to build its Bitcoin reserves, including fees and related expenses. Across all acquisitions, Strategy’s average purchase price now stands at $76,056 per Bitcoin, well above current trading prices. Concerns around Strategy’s balance sheet have resurfaced amid the recent Bitcoin sell‑off. As previously reported by NewsBTC, CEO Phong Le stated that Bitcoin would need to fall by roughly 90% from current levels for the value of Strategy’s Bitcoin holdings to merely match the value of its outstanding convertible debt. Even under such an extreme scenario, Le said the company would explore restructuring options if converting the debt into equity were not feasible. Bitmine’s Crypto And Cash Holdings Reach $10B On Monday, Bitmine disclosed that its combined crypto holdings, cash, and so‑called “moonshot” investments now total approximately $10 billion. As of February 8, the company’s crypto portfolio includes 4,325,738 ETH valued at $2,125 per token, alongside 193 Bitcoin. Beyond cryptocurrencies, Bitmine reported additional investments including a $200 million stake in Beast Industries, a $19 million stake in Eightco Holdings (ORBS), and total cash reserves of $595 million. Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? The company noted in a Monday press release that its Ethereum holdings represent approximately 3.58% of the total ETH supply, which currently stands at around 120.7 million tokens. Thomas Lee, Executive Chairman of Bitmine, said the company acquired 40,613 ETH over the past week alone. He described the recent pullback in Ethereum prices as an attractive opportunity, arguing that the market is underestimating ETH’s long‑term utility. Bitmine also revealed that a significant portion of its Ethereum holdings is actively staked. As of February 8, 2026, the company had 2,897,459 ETH staked, valued at approximately $6.2 billion at current prices. At the time of writing, Bitcoin was trading near $69,495, reflecting an almost 11% decline over the past week. Strategy’s shares showed a modest rebound, rising 0.82% on Monday to trade around $136 per share. Bitmine’s stock, BMNR, also moved higher, climbing roughly 2% during Monday’s session to trade near $20.91. Featured image from OpenArt, chart from TradingView.com
Lee said that the company's large unrealized losses are an expected part of its Ethereum treasury strategy during market downturns.
BitMine added 40,613 ether last week, bringing its total holdings to 4.33 million ETH, representing 3.58% of the circulating supply.
The firm's total ETH holdings top 4.3 million tokens worth about $8.7 billion at the current price just above $2,000.
Despite its mounting losses and plunging share price, the ether treasury firm says it's under no pressure to sell its holdings.
Ether has dropped below $2,000, underperforming other major cryptocurrencies as selling accelerates from leveraged traders, onchain liquidations and long-term holders.
Tom Lee—long known for bullish takes—says crypto prices may be close to their floor. According to his comments on TV, he sees signs that buying pressure could return if the economic and on-chain backdrop holds. Related Reading: Gold Vs. XRP: One Asset Just Added 20x The Other’s Market Value During an interview on CNBC, Lee, Fundstrat’s head of research, said the current market setup could improve as fundamentals continue to firm up. That view sits alongside a big loss at his firm, which raises questions about how confident outside observers should be. Market Moves And Capital Flows Reports say capital moved sharply into precious metals as traders sought cover, and that flow drained money away from crypto. Gold and silver had run-ups that drew cash. At the same time, some market players were already light on borrowed positions. That mix left prices more exposed than many expected. “I think as long as crypto fundamentals are good, then crypto prices should follow,” says Tom Lee of @Fundstrat:https://t.co/pldeBkwChZ — Squawk Box (@SquawkCNBC) February 2, 2026 Big Sales And Liquidations About $2.56 billion in Bitcoin liquidations were recorded during the sharp swings this week, as traders closed out positions and risk appetite faded. Reports have disclosed that large sells pushed Bitcoin below key levels, and it dipped under $78,000 for a spell. BitMine, the firm tied to Lee, is reported to be sitting on roughly $6.95 billion in unrealized losses, a fact that complicates any narrative about neutral observers calling a bottom. Signals That Could Mark A Turn Reports note an uptick in Ethereum active accounts and growing work by big financial firms to build products on the network. Those are the kinds of measures that, over time, tend to reflect deeper demand than short-term speculation. A BitMine adviser has projected targets for Bitcoin and Ethereum—$77,000 and $2,400 respectively—and some say those levels could signal exhausted selling if reached. But the market has been jittery, and numbers on the screen can change fast. Policy Noise And Geopolitics Matter Policy moves in Washington have been flagged as a source of extra uncertainty. Some decisions by regulators and lawmakers are viewed as favoring certain firms or sectors, which adds to the uneven tone across risk assets. On top of that, tensions in the Middle East have pushed investors toward safe havens. When politics and geopolitics both push in the same direction, crypto tends to feel that pull. Related Reading: Bitcoin ETF Investors Pull Nearly $3 Billion, Pushing Average Buy Below Water Even if fundamentals look okay, timing is crucial. Liquidity conditions can tighten quickly if sentiment turns, and that can make any rebound short-lived or shallow. Reports say traders are watching for tapering in liquidations and clearer signs that flows into metals have paused before they will step back in with confidence. There is a case that the worst selling has happened. There is also a case that prices can fall further if a shock hits. Featured image from DALL-E, chart from TradingView
Ark purchased $9.4 million worth of Circle, $6.25 million in Bitmine, and $6 million in Bullish crypto exchange.
Ether's plunging price stands in stark contrast to surging blockchain activity, marking a contrast to prior bear markets, company Chairman Tom Lee said.
BitMine Immersion Technologies has expanded its ether treasury to around 4.29 million ETH after a fresh round of purchases.
The crypto treasury firm added over 40,000 ETH last week and has now staked over 2 million tokens.
As the Ethereum (ETH) price retests a crucial support zone, BitMine revealed it has added another $110 million worth of ETH to its treasury holdings over the past week, approaching an important milestone for the company’s investment strategy. Related Reading: Solana At Risk Of Breakdown After Key Rejection – Is $100 Next? BitMine’s Ethereum Bet Continues On Tuesday, BitMine, a Bitcoin and Ethereum Network Company with a focus on accumulating crypto for long-term investment, announced its holdings had reached 4.2 million ETH tokens after acquiring 35,268 ETH, worth roughly $110 million, in the past week. As a result, the company, which is the largest Ethereum Treasury company in the world and the second-largest global treasury, has crypto and cash holdings totaling $14.5 billion at current prices. According to the announcement, the company now owns 4,203,036 ETH at $3,211, 193 Bitcoin (BTC), a $22 million stake in Eightco Holdings as part of its “Moonshots” initiative, and unencumbered cash worth $979 million. After the latest purchase, BitMine now holds 3.48% of ETH’s total supply, and nears its goal to control 5% of the leading altcoin’s 120.7 million supply. Notably, it has achieved nearly 70% if “Alchemy of 5%” target in just six months. BitMine’s chairman, Thomas “Tom” Lee, stated that “Ethereum’s price ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October. In our view, this reflects investors recognizing tokenization and other use cases being developed by Wall Street are being built on Ethereum.” As of January 19, 2026, BitMine’s total staked ETH stands at 1,838,003, worth $5.9 billion at $3,211 per ETH, an increase of 581,920 ETH in the past week. ETH Price At Crucial Support Zone Despite BitMine’s constant bet on the cryptocurrency, Ethereum retraced nearly all its 2026 gains after falling below the $3,000 barrier. On Tuesday, ETH recorded a 6.8% decline in the daily timeframe, dropping from the $3,200 area to a three-week low of $2,980. The King of altcoins has been trading between the $2,600-$3,350 area since the November pullbacks, reclaiming the upper zone of this range during the start of the year rally. Now, ETH is retesting an important multi-support area that could define the cryptocurrency’s short-term performance. Analyst World of Charts affirmed that there are two “simple” possibilities for Ethereum. If the price loses the $3,000 area, which serves as the mid-zone of its local range and a key macro support and resistance level, then a retest of the $2,600 lows becomes likely. On the contrary, if the altcoin holds this zone in the daily timeframe and momentum builds, it could retest the range’s upper boundary resistance again. Related Reading: Bitcoin Senses Risk As Trump Balks At Europe With Major Tariffs Amid the pullback, another pseudonym market observer also pointed out that ETH is currently retesting its 50-day Moving Average (MA), which was reclaimed at the start of the year and currently sits at the $3,089 level. According to the post, if the 50-day MA holds, a move to the 200-day MA, located around the $3,650 area, could come next. “All eyes [are] on a close above the 50-day MA, which will point to a successful back test,” he added. As of this writing, ETH is trading at $2,999, a 7% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The company now holds 4.203 million ETH, 193 BTC, a $22 million stake in Eightco Holdings, and nearly $1 billion in cash.
More than 36 million ETH is now staked in Ethereum's proof-of-stake system, close to 30% of the circulating supply and worth over $118 billion at recent prices. That headline number sounds like a clean vote of confidence: holders are locking up their ETH to secure the network, collect yield, and signal they’re in no rush […]
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New validators now need to wait more than 44 days to start earning staking rewards, the biggest backlog since late July 2023.
The investment gives BitMine exposure to consumer media and potential DeFi revenue streams, strengthening its treasury strategy beyond ether accumulation.
BitMine Chair Tom Lee told investors that the company could generate over $400 million income on its $13 billion worth of ether holdings, primarily via staking.
The $200 million in MrBeast’s Beast Industries ties the largest U.S.-listed Ethereum treasury to a global YouTube and creator economy.
The investment gives Bitmine a stake in a brand with strong Gen Z and millennial appeal, reaching over 450 million subscribers across its YouTube channels.