Tom Lee's BitMine may have scooped up another 41,946 ETH
Key Takeaways
- BitMine reportedly acquired an additional 41,946 ETH, boosting its Ethereum holdings to over 3.7 million units.
- BitMine plans to launch the MAVAN staking solution in 2026.
Share this article
BitMine Immersion may have executed a fresh Ethereum purchase. According to data tracked by Lookonchain, wallets linked to the company acquired 41,946 ETH worth about $131 million on Thursday.
Earlier this week, reports suggested that BitMine may have purchased $55 million worth of Ethereum. A few days later, a wallet linked to BitMine withdrew $91 million in ETH from Kraken ahead of the Fusaka upgrade.
The Ethereum-focused treasury firm led by Fundstrat’s Tom Lee reported holding more than 3.7 million ETH in its latest disclosure. At this pace, the company appears well on track toward its target of accumulating 5% of the total ETH supply.
Lee has shown a strong belief in Ether’s dominance in future financial systems due to its smart contract capabilities and role in creating new financial products.
BitMine plans to deploy its MAVAN staking solution in early 2026, maintaining its lead among crypto treasuries globally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How PENGU USDT Sell Signals Influence Sentiment in the Crypto Market
- PENGU USDT's 2025 volatility exposed algorithmic stablecoin fragility, triggering DeFi sell-offs and reshaping trading strategies. - Contradictory technical indicators highlighted instability in algorithmic rebalancing mechanisms, while $66.6M team wallet outflows raised liquidity concerns. - Retail investors shifted to fiat-backed stablecoins post-UST collapse, accelerating USDC's market share growth amid regulatory ambiguity. - Market correlations (42-46% crypto-equity linkages) and macroeconomic press
Evaluating the Recent PENGU Price Rally: Could This Signal the Next Major Digital Asset Surge?
The COAI Price Reduction: Impact on Technology and Green Energy Industries
- COAI's 88% price drop in Nov 2025 exposed governance failures and regulatory ambiguity, triggering investor reassessment of AI-linked assets. - U.S. clean energy investment fell 36% due to Trump-era policy shifts, while global clean energy attracted $3.3 trillion in 2025 despite AI sector turmoil. - Investors migrated to stable AI stocks (Microsoft/Nvidia) and non-AI renewables, prioritizing transparency over speculative crypto projects like COAI. - The crisis accelerated capital reallocation toward ethi
Timeless Strategies for Investing in Today's Market
- R.W. McNeel and Warren Buffett share timeless value investing principles emphasizing emotional discipline, long-term vision, and intrinsic value. - Both stress faith in the U.S. economy, with Buffett's Berkshire Hathaway exemplifying this through long-term investments in American icons like Apple and Coca-Cola . - Retained earnings and margin of safety strategies, demonstrated by Apple's reinvestment and Berkshire's share buybacks, highlight compounding's role in mitigating market volatility. - Modern be
Trending news
MoreCrypto prices
More
