Tom Lee's Bitmine (BMNR) bought $237 million worth of ether (ETH) last week

Bitmine Buys 111K ETH as Tom Lee Predicts Supercycle

The Ether buying company Bitmine Immersion Technologies has made its biggest purchase so far in 2026 as its chairman, Tom Lee, doubled down on the idea of an impending crypto supercycle. Lee said Tuesday that in the past week, Bitmine bought 111,942 Ether (ETH) after a recent pullback sent the token below $2,200 and presented an “attractive opportunity.” Ether has traded between $2,025 and $2,147 over the past seven days. He also reiterated his …

Tom Lee's Bitmine (BMNR) bought $237 million worth of ether (ETH) last week

The company bought 111,942 ether last week worth $237 million as it saw ETH slide below $2,200 as attractive buying opportunity.

Bitmine’s ETH Buying Frenzy Could Push Ethereum Into A New Era

Tom Lee’s Bitmine continues making massive moves inside the crypto market. The company just revealed another huge Ethereum purchase worth $232.50 million during the past week. That aggressive buying spree pushed Bitmine’s total Ethereum reserves to a staggering $11.20 billion. The latest figures now place Bitmine among the biggest institutional Ethereum holders globally. The crypto market watches every Bitmine transaction closely right now. Inve…

ETH Is Stuck in a $120 Range While Its Supply Disappears

Key Takeaways: ETH trapped between 0.786 Fib ($2,053) and 0.618 Fib ($2,171) for days. SMA100 at $2,157 and SMA50 at $2,260 both declining, acting as resistance. Exchange reserves at 14.9M ETH, lowest since 2022, down from 30M four years ago. 32.2% of all ETH supply locked in staking, rising consistently since 2022. Tom Lee accumulated 5.4M ETH through BitMine, 4.47% of circulating supply. Ethereum is trading at $2,093 today, up 0.93%, bouncing…

BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy

Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy. Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world’s largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week. In its latest update, the…

Why Tom Lee Is Wagering Billions on Ethereum's Next Major Bull Run

Key Highlights Bitmine acquired 111,942 ETH in its most substantial 2026 transaction following a price decline under $2,200 Total holdings now stand at 5.39 million ETH, valued at $12.3 billion across all assets, comprising 4.47% of Ethereum’s circulating tokens Company Chairman Tom Lee forecasts an incoming crypto supercycle fueled by institutional tokenization and artificial intelligence agents Through its MAVAN staking platform, Bitmine has …