Tom Lee’s BitMine has prolonged its Ethereum shopping for streak with one other buy. This comes even because the agency is at present sitting on about $8 billion in paper losses as a result of crypto market crash.
BitMine Continues Accumulating Ethereum Amid Losses
Based on Lookonchain knowledge, the Ethereum treasury agency acquired $84 million price of tokens, persevering with its streak of ETH purchases. The acquisition added to its holdings of 4,325,738 ETH, which is round $9.14 billion, recorded on the finish of final week.
Plainly Tom Lee(@fundstrat)’s #Bitmine purchased one other 20,000 $ETH($42.3M) from BitGo 7 hours in the past.
As we speak alone, it has purchased 40,000 $ETH($83.4M).https://t.co/cY4jpzYpQu pic.twitter.com/YNTMDgdo3h
— Lookonchain (@lookonchain) February 10, 2026
Earlier on Monday, the Ethereum treasury firm had reported it had purchased 40,613 ETH within the earlier week, bringing it to 72% of its goal to amass 5% of the coin’s circulating provide.
The brand new purchases by BitMine had been made in two tranches. Information from Arkham Intelligence confirmed that the treasury entity first purchased 20,000 ETH from FalconX. It then bought the second lot of 20,000 ETH from the BitGo entity, roughly inside the identical interval.
This comes regardless of the agency at present going through round $8 billion in unrealized losses. Tom Lee, in response, stated the unrealized losses the corporate is carrying are anticipated. He added that the Ethereum treasury would incur some losses throughout market downturns, including that the agency would ultimately outperform the market cycle.
BitMine has continued its acquisition technique for ETH regardless of the market downturn. The Ethereum worth at present trades at 57% beneath its all-time excessive of $4,900, as seen in August of 2025. The corporate has chosen to stake 67% of its whole ETH, yielding an annual income of $202 million.
Tom Lee Sees Fast ETH Restoration After Promote-Off
Lee has maintained that the Ethereum worth will get better in due time after the current money out. He identified that, even in opposition to the worth decline, ETH’s community utility reached new highs.
Lee consequently stated that whereas many traders are scared by the current sell-off, market pullbacks have been a chance traditionally.
“The very best funding alternatives in crypto have introduced themselves after declines. BitMine has been steadily shopping for Ethereum, as we view this pullback as enticing, given the strengthening fundamentals. In our view, the worth of ETH will not be reflective of the excessive utility of ETH and its position as the way forward for finance,” he stated.
BitMine didn’t observe the development of sell-off as seen in different establishments. As an illustration, Pattern Analysis emptied its ETH portfolio amid round $750 million in losses. It was reported that the agency plans to make use of the tokens bought off to repay loans taken out to amass them at earlier highs.
Lee had beforehand predicted that Bitcoin would go as excessive as $180,000 whereas ETH would vary between $7,000 and $9,000 on the finish of January. Nevertheless, this has not been the case, with critics hitting again on the chairman.
