Ethereum · BitMine Immersion Technologies · The Block
Tom Lee’s Bitmine picks up $41 million worth of ETH, continuing aggressive treasury expansion: onchain data
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Bitmine has purchased $41 million worth of ETH on Wednesday, continuing to expand the world's largest corporate Ethereum treasury.
Key facts
- On Monday, the firm disclosed that it purchased 126,971 ETH last week for roughly $207 million, bringing its total treasury to 5,543,872 ETH
- The cryptocurrency is down more than 44% since the start of 2026, currently trading at $1,642.7, 's crypto price page
- Bitmine (BMNR) fell 3.46% to close Wednesday at $15.64, The Block's stock price page shows
- According to blockchain analytics platform Lookonchain, Bitmine acquired 25,000 ETH on Wednesday at approximately 11:22 a.m
Summary
According to blockchain analytics platform Lookonchain, Bitmine acquired 25,000 ETH on Wednesday at approximately 11:22 a.m. Lookonchain noted that Bitmine has purchased a total of 125,000 ETH in the past three days, worth $205 million at the current market price. The reported amount is similar to the amount Bitmine officially acquired last week. Meanwhile, Ethereum has experienced significant declines this year.