BitMine, under the leadership of Tom Lee, continues to pursue a strong Ethereum accumulation strategy by staking an additional 140,400 ETH, valued at approximately $282 million, on February 11. On-chain data shows that the company is currently staking a total of 2.97 million ETH, equivalent to about $6.01 billion, accounting for 68% of its total crypto assets. After this transaction, BitMine’s total ETH holdings increase to 4.366 million ETH, worth approximately $8.51 billion at current prices.
This move brings BitMine closer to its “Alchemy of 5%” goal, as it now controls 3.58% of the circulating ETH supply just six months after implementing its strategy. Tom Lee believes market corrections open attractive investment opportunities, highlighting Ethereum’s historical V-shaped recovery and expecting a rebound in 2026.
Despite a significant drop in stock prices over the past six months and unrealized losses, BitMine remains committed to long-term staking yields and strategic investments, including $200 million in Beast Industries.
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