Tom Lee’s BitMine Adds Another $42 Million in Ethereum Despite Crypto Winter
BitMine, the biggest company holder of Ethereum, has capitalized on the digital asset’s current value volatility to increase its treasury holdings.
On February 7, blockchain evaluation platform Lookonchain reported the transaction, citing knowledge from Arkham Intelligence. The agency acquired roughly 20,000 ETH for a complete capital outlay of $41.98 million.
BitMine Chair Defends Aggressive Buying Amid Crash
Notably, this newest tranche strikes the agency considerably nearer to its long-term goal of controlling 5% of Ethereum’s whole circulating provide. Data from Strategic ETH Reserve exhibits it has achieved over 70% of that aim with its 4.29 million ETH holdings.
Meanwhile, BitMine’s newest ETH buy comes at a moment of extreme market fragility.
Ethereum costs have collapsed roughly 31% over the previous 30 days, buying and selling round $2,117 as of press time. Over the previous week, the asset traded for as little as $1,824, its lowest degree since May 2025.
Still, BitMine stay dedicated to the crypto token, with the agency’s chairman Tom Lee arguing that “Ethereum is the way forward for finance.”
Consequently, Lee has dismissed concerns regarding the firm’s deepening unrealized losses.
In a current assertion, Lee argued that the present volatility is “a characteristic, not a bug.” According to him, Ethereum has weathered drawdowns of 60% or worse on seven events since 2018.
So, regardless of the “Crypto Winter” optics exacerbated by the nomination of Kevin Warsh to the Federal Reserve and geopolitical tensions following the Greenland incident, the Ethereum community’s elementary utilization stays sturdy.
Moreover, BitMine has been evolving past a easy “buy-and-hold” treasury technique.
To outperform the cycle and mitigate the drag of falling spot costs, the corporate is pivoting towards what it describes as “accretive acquisitions” and high-risk capital deployment.
This contains publicized “moonshot” allocations into smaller-cap tokens like Orbs and investments in media outlets like Mr Beast.
Additionally, BitMine continues to leverage its massive stack for yield, staking nearly 3 million ETH.
These efforts are designed to offset the heavy strain of a macro atmosphere that has turned sharply risk-off.
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