Tom Lee’s BitMine Adds Another $42 Million in Ethereum Despite Crypto Winter

BitMine, the largest firm holder of Ethereum, has capitalized connected the integer asset's caller terms volatility to grow its treasury holdings.

On February 7, blockchain investigation level Lookonchain reported the transaction, citing information from Arkham Intelligence. The steadfast acquired astir 20,000 ETH for a full superior outlay of $41.98 million.

Notably, this latest tranche moves the steadfast importantly person to its semipermanent nonsubjective of controlling 5% of Ethereum's full circulating supply. Data from Strategic ETH Reserve shows it has achieved implicit 70% of that extremity with its 4.29 cardinal ETH holdings.

Meanwhile, BitMine's latest ETH acquisition comes astatine a infinitesimal of utmost marketplace fragility.

Ethereum prices person collapsed astir 31% implicit the past 30 days, trading astir $2,117 arsenic of property time. Over the past week, the plus traded for arsenic debased arsenic $1,824, its lowest level since May 2025.

Still, BitMine stay committed to the crypto token, with the firm's president Tom Lee arguing that "Ethereum is the aboriginal of finance."

Consequently, Lee has dismissed concerns regarding the firm’s deepening unrealized losses.

In a caller statement, Lee argued that the existent volatility is "a feature, not a bug." According to him, Ethereum has weathered drawdowns of 60% oregon worse connected 7 occasions since 2018.

So, contempt the "Crypto Winter" optics exacerbated by the information of Kevin Warsh to the Federal Reserve and geopolitical tensions pursuing the Greenland incident, the Ethereum network's cardinal usage remains robust.

Moreover, BitMine has been evolving beyond a elemental "buy-and-hold" treasury strategy.

To outperform the rhythm and mitigate the resistance of falling spot prices, the institution is pivoting toward what it describes arsenic "accretive acquisitions" and high-risk superior deployment.

This includes publicized "moonshot" allocations into smaller-cap tokens similar Orbs and investments successful media outlets similar Mr Beast.