BitMine digs the crypto market like a stubborn gardener after a storm. Every week, the company turns the soil, plants new ether seeds and refills its bags. While other crypto investors withdraw their tools, Tom Lee continues to sow. His final harvest could surprise everyone.
In brief
- BitMine bought 125,000 ether in three days on the crypto market.
- The company now owns 4.59% of Ethereum's total supply.
- BitMine's unrealized losses are now approaching $10 billion, a colossal amount.
- Tom Lee wants 5% of the offer despite a 44% drop in price.
Ethereum falls back, but BitMine crashes even harder
BitMine just purchased an additional 25,000 ETH for $41 million. In just three days, the company accumulated 125,000 ether, or almost $205 million.
The contrast is striking: Ethereum has fallen by more than 44% since January 2026. The prince of cryptos is moving around $1,640. Yet Tom Lee acts as if the earth is more fertile after the rain.
Lookonchain has noted this purchasing frenzy on the blockchain. “ Bitmine purchased 125,000 ETH in total, or $206 million, in the last three days », notes the analyst.
Reactions to X oscillate between mockery and perplexity. “ What does he see that we don't see? », asks a user. Another quips: “ they are so cooked “.
BitMine, unfazed, continues to seed. Ethereum remains its target, no matter what.
Ethereum bet approaches unprecedented threshold
The real story is not limited to the recent 125,000 ETH. BitMine now holds 5,543,872 ether, according to its latest official publications. This mountain represents approximately 4.59% of Ethereum's total circulating supply.
No other listed company has ever achieved such focus on a global digital asset. BitMine is now approximately 92% of its goal of owning 5% of all ether in existence.
This strategy is gradually transforming Ethereum into an institutional war chest. Unlike bitcoin, which is widely seen as digital gold, Ethereum powers a massive infrastructure. Decentralized finance, tokenized products, smart contracts, everything is based on this blockchain.
Tom Lee recently hinted that the company might slow down its purchases once the 5% threshold is reached. A question remains: what happens to the liquidity of a crypto market when a single player controls 5% of the available tokens?
Crypto observes a 10 billion bet
This spectacular accumulation has a rougher face. According to DropsTab estimates, cited by The Block, BitMine would bear approximately $9.9 billion in latent losses on its Ethereum reserves.
In traditional finance, such a situation would push to reduce exposure. BitMine chooses the opposite. The company continues to strengthen its positions despite the turbulence in the crypto market.
Tom Lee defends a long-term vision. He considers Ethereum to be essential infrastructure for the digital economy. He also discusses the future role of artificial intelligence and autonomous agents.
This reading appeals to some crypto investors. It also worries the most cautious. Between strategic conviction and monumental risk-taking, BitMine advances like a market gardener who continues to water his field while the sky remains threatening.
The key figures of the BitMine offensive
- 125,000 ETH purchased in three days.
- $205 million committed.
- 5.54 million ether held.
- 4.59% of Ethereum’s total supply.
- Current ETH price: $1,659.
While bitcoin and Ethereum continue to attract large crypto investors, the rest of the market tells a different story. Some altcoins are struggling to maintain their power of attraction. Investor confidence is gradually eroding in XRP, despite the resilience displayed by the two main cryptocurrencies.
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