ChainCatcher news, according to market news, BitMine bought a total of 40,000 ETH from FalconX and BitGo on Monday, worth $84 million, trading at about $2,090.
As of the end of last week, BitMine held 4,325,738 ETH, totaling $914 million. The company has now completed 72% of its goal of capturing 5% of Ethereum’s circulating supply. Additionally, BitMine has staked approximately 67% of its ETH holdings, generating an annualized income of $202 million.
According to Tom Lee, the best investment opportunities in cryptocurrencies usually come after a decline. This market pullback is an attractive entry point given Ethereum’s strengthening fundamentals, and the current ETH price does not reflect its high utility as the core of future finance.
In response to BitMine’s large unrealized losses, Tom Lee pointed out that this is an expected component of the Ethereum treasury strategy during market downturns, and the company aims to achieve excess returns through the full market cycle.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tom Lee: The market is showing signs of forming a bottom; Ethereum, BMNR, and Bitcoin are recommended.
Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.
GateNews9m ago
Grayscale transferred 1,327 ETH and about 406 BTC to a certain CEX, for a total value of over $3.8 million
Gate News update: On April 10, according to Arkham monitoring, about 1 hour ago, Grayscale transferred 1,327 ETH and approximately 406.187 BTC to a certain CEX, totaling more than $3.8 million in value.
GateNews16m ago
Bitcoin and Ethereum ETFs See Positive Inflows, Solana ETFs Record Outflows on April 10
Gate News message, according to the April 10 update, Bitcoin ETFs recorded a 1-day net flow of +4,614 BTC (+$334.63M) and a 7-day net flow of +7,358 BTC (+$533.62M). Ethereum ETFs showed a 1-day net flow of +23,039 ETH (+$51.38M) and a 7-day net flow of +15,349 ETH (+$34.23M). Solana ETFs experience
GateNews51m ago
ETH Breaks Above 2250 USDT
Gate News bot message, Gate market display, ETH breaks through 2250 USDT, current price is 2250 USDT.
CryptoRadar52m ago
ETH 15-minute jump of 0.62%: spot and on-chain funds in sync driving price moves
2026-04-10 11:00 to 2026-04-10 11:15 (UTC), the ETH price saw a clear intraday surge, with a 15-minute return of +0.62%. The candlestick price range was 2197.27 to 2212.8 USDT, with a swing of 0.71%. During this period, trading activity increased significantly, market attention rose, and volatility intensified.
The main drivers behind this sudden move are a simultaneous rise in spot trading volume and the total value of on-chain transfers. In the first 10 minutes, spot trading volume was about $420,000, significantly higher than the average over the previous hour, confirming a more noticeable
GateNews3h ago
