The post Tom Lee’s BitMine Adds $42 Million to its Ethereum Hoard appeared on BitcoinEthereumNews.com.

BitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings. On February 7, blockchain analysis platform Lookonchain reported the transaction, citing data from Arkham Intelligence. The firm acquired approximately 20,000 ETH for a total capital outlay of $41.98 million. Sponsored Sponsored BitMine Chair Defends Aggressive Buying Amid Crash Notably, this latest tranche moves the firm significantly closer to its long-term objective of controlling 5% of Ethereum’s total circulating supply. Data from Strategic ETH Reserve shows it has achieved over 70% of that goal with its 4.29 million ETH holdings. Meanwhile, BitMine’s latest ETH purchase comes at a moment of extreme market fragility. Ethereum prices have collapsed roughly 31% over the past 30 days, trading around $2,117 as of press time. Over the past week, the asset traded for as low as $1,824, its lowest level since May 2025. Still, BitMine remain committed to the crypto token, with the firm’s chairman Tom Lee arguing that “Ethereum is the future of finance.” Consequently, Lee has dismissed concerns regarding the firm’s deepening unrealized losses. Sponsored Sponsored In a recent statement, Lee argued that the current volatility is “a feature, not a bug.” According to him, Ethereum has weathered drawdowns of 60% or worse on seven occasions since 2018. So, despite the “Crypto Winter” optics exacerbated by the nomination of Kevin Warsh to the Federal Reserve and geopolitical tensions following the Greenland incident, the Ethereum network’s fundamental usage remains robust. Moreover, BitMine has been evolving beyond a simple “buy-and-hold” treasury strategy. To outperform the cycle and mitigate the drag of falling spot prices, the company is pivoting toward what it describes as “accretive acquisitions” and high-risk capital deployment. This includes publicized “moonshot” allocations into smaller-cap tokens like Orbs and investments in media outlets…

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Filed under: News - @ February 8, 2026 9:23 pm