BitMine Adds 41,788 ETH to Treasury as Tom Lee Calls Crypto Market Bottom

Published at 2026-02-02 15:16:05

BitMine disclosed it acquired 41,788 ETH last week, a sizable increase to its treasury holdings amid softer price action. The accumulation signals continued institutional buying despite volatility, and could tighten available float if the coins are held or staked rather than sold. Company officials framed the move as a longer-term treasury deployment rather than short-term trading.

The purchase comes as market strategist Tom Lee declared a crypto market bottom, a call that may bolster confidence among investors and other institutions weighing fresh allocations. While one firm’s accumulation doesn’t guarantee a sustained rally, the combination of large-scale buys and bullish commentary can shift sentiment and prompt follow-on demand. Traders will watch whether BitMine’s ETH remains on-chain or enters staking programs, which would have implications for supply dynamics and price.

Share on:

Related news

Circle Unveils Arc Fintech Starter for Multichain USDC Treasury Management

Circle has released Arc Fintech Starter, an open-source toolkit that helps developers build cross-chain USDC treasury solutions with automated bridging and unified payout controls. The move targets fintechs and web3 firms looking to simplify multichain cash management.

Published at 2026-04-10 12:30:07
Aethir Stops Bridge Exploit, Vows Compensation After Under $90K Loss

Aethir says it halted a bridge exploit on its Ethereum-linked contracts, keeping losses below $90,000. Security firm PeckShield had earlier estimated the damage at about $400,000; Aethir pledged to compensate affected users.

Published at 2026-04-10 11:15:12
BlackRock Appoints Galaxy Digital as Validator for ETHB After $435M AUM

BlackRock has tapped Galaxy Digital to serve as a validator for ETHB, its staked-Ethereum ETF, after the fund’s assets topped $435 million on April 8. The appointment broadens the ETF’s validator roster and reflects rising institutional interest in ETH staking.

Published at 2026-04-09 21:45:38
Tom Lee’s BitMine Uplists to NYSE as Ethereum Firm Boosts Buybacks to $4B

BitMine Immersion Technologies, the Ethereum-focused treasury vehicle associated with Tom Lee, said Thursday it has increased its share buyback authorization to $4 billion and completed an uplisting to the New York Stock Exchange. The moves are aimed at tightening supply and expanding access to institutional investors.

Published at 2026-04-09 16:15:51
Ethereum Foundation to Convert 5,000 ETH to Stablecoins via CoW Swap TWAP

The Ethereum Foundation plans to offload 5,000 ETH into stablecoins using a TWAP execution via CoW Swap, aiming to limit market impact and timing risk.

Published at 2026-04-08 17:01:14