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Tom Lee’s BitMine Adds Another $42 Million in Ethereum Despite Crypto Winter
Yahoo Finance· 2026-02-08 21:00
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. BitMine Chair Defends Aggressive Buying Amid Crash Notably, this latest tranche moves the firm significantly closer to its long-term objective of contro ...