In a bold counter-trend move, Ethereum-focused treasury firm BitMine, chaired by Fundstrat’s Tom Lee, purchased approximately $83 million worth of ETH this week, doubling down on its conviction despite sitting on paper losses exceeding $7.8 billion. This aggressive accumulation starkly contrasts with heavy selling from other large holders as Ethereum trades near multi-month lows, highlighting a fundamental divide in market strategy between those cutting losses and those viewing the downturn as a buying opportunity based on network fundamentals.
about BitMine Buys $83M ETH Despite $7.8B Paper Losses as Market DipsTom Lee
8 posts last weekStrategy & Bitmine Expand Crypto Holdings Amid Market Weakness
As cryptocurrency markets face significant pressure, two prominent publicly traded companies are demonstrating remarkable conviction in their long-term strategies. Strategy (formerly MicroStrategy) has continued its relentless Bitcoin accumulation despite mounting paper losses, while Bitmine Immersion Technologies, chaired by market strategist Tom Lee, has dramatically expanded its Ethereum position. Their simultaneous moves signal a belief among certain institutional players that current market weakness represents a strategic buying opportunity rather than a reason for retreat.
about Strategy & Bitmine Expand Crypto Holdings Amid Market WeaknessBitMine Adds $83M ETH Despite $7.5B Unrealized Losses
Publicly traded crypto firm BitMine Immersion Technologies (BMNR) has made another aggressive move in the Ethereum market, purchasing $83.2 million worth of ETH last week despite sitting on nearly $7.5 billion in unrealized losses. The acquisition brings the firm’s total holdings to over 4.3 million Ethereum, representing approximately 3.58% of the entire circulating supply. Chairman Tom Lee has framed this substantial purchase as a strategic bet on Ethereum’s long-term fundamentals, calling the current price pullback an “attractive” opportunity while acknowledging the steep paper losses on the company’s existing position.
about BitMine Adds $83M ETH Despite $7.5B Unrealized LossesCrypto Stocks Rebound as Bitcoin Stabilizes After 14% Drop
Major cryptocurrency-related equities staged a powerful recovery on Friday as Bitcoin’s price found footing around $69,500, stabilizing after a 14% plunge the previous day. Companies like MicroStrategy, BitMine Immersion Technologies, and Coinbase posted double-digit gains, highlighting the complex relationship between underlying crypto volatility, corporate treasuries, and stock performance. Despite significant unrealized losses on their substantial digital asset holdings, investor optimism for these firms’ strategic positions fueled the rally.
about Crypto Stocks Rebound as Bitcoin Stabilizes After 14% DropBitcoin Crashes Below $60K, Erasing Post-Trump Election Gains
The cryptocurrency market has been rocked by a severe downturn, with Bitcoin crashing from around $84,000 to briefly touch $60,000, erasing all gains accumulated since the 2024 U.S. election. The sell-off liquidated more than $2.6 billion in leveraged positions and dragged major altcoins down by 20–30%, marking one of the most volatile weeks in recent crypto history. Analysts point to a confluence of factors, from geopolitical tensions and new Federal Reserve leadership to excessive market leverage, as catalysts for the plunge.
about Bitcoin Crashes Below $60K, Erasing Post-Trump Election GainsEthereum Plunges Below $2K, Analysts Warn of $1,500 Target
Ethereum has shattered a critical psychological barrier, plunging below $2,000 to an eight-month low and igniting fears of a steeper decline toward $1,500. The sharp sell-off has triggered massive investor liquidations, exacerbated unrealized losses for major holders like BitMine, and spurred significant outflows from spot ETFs, casting a pall over the near-term outlook for the world’s second-largest cryptocurrency.
about Ethereum Plunges Below $2K, Analysts Warn of $1,500 TargetCrypto Prediction Markets Turn Bearish Amid Bitcoin, Ethereum Slump
Prediction markets on Myriad show a sharp turn toward bearish sentiment for Bitcoin and Ethereum as both cryptocurrencies extend recent losses. Traders now heavily favor downside targets of $55,000 for Bitcoin and $1,500 for Ethereum over near-term rallies. Meanwhile, a separate market gives the Seattle Seahawks a 69% chance to win the Super Bowl.
about Crypto Prediction Markets Turn Bearish Amid Bitcoin, Ethereum SlumpBitMine’s $8B ETH Losses Sink Shares to 7-Month Low
Shares of BitMine Immersion Technologies (BMNR) plunged to a seven-month low on Thursday, falling 11% as unrealized losses on its massive Ethereum treasury ballooned to approximately $8 billion. The stock’s decline to around $18.05 extends a brutal six-month slide of over 45%, directly tied to Ethereum’s sharp correction from its August highs. Despite the staggering paper losses, Chairman Tom Lee maintains the firm’s conviction, framing the downturn as a feature of crypto markets and a buying opportunity for what he calls ‘the future of finance.’
about BitMine's $8B ETH Losses Sink Shares to 7-Month LowInstitutional ‘Designed Losses’ Fuel New Crypto Trading Culture
When news broke of Bitmine’s staggering $6 billion paper loss on Ether, it appeared to signal a market catastrophe. Yet, according to veteran analyst Tom Lee, this colossal figure is ‘by design,’ a calculated maneuver in a 2026 landscape where institutional strategy prioritizes long-term positioning over short-term optics. This revelation is reshaping how retail investors perceive volatility, framing market dips as periods of accumulation rather than terminal decline. In response, a new breed of crypto projects is emerging to cater to traders embracing extreme risk, with Maxi Doge ($MAXI) positioning itself at the forefront of this high-leverage, ‘degen’ culture.
about Institutional 'Designed Losses' Fuel New Crypto Trading CultureTom Lee Sees Crypto Bottom Amid $6.95B Firm Loss, Market Shifts
Fundstrat’s Tom Lee suggests cryptocurrency prices may be nearing a floor, pointing to improving fundamentals despite recent volatility. His optimistic view comes alongside reports of massive unrealized losses at his affiliated firm, BitMine, raising questions about market confidence. Meanwhile, capital flows into precious metals and geopolitical tensions continue to pressure crypto assets.
about Tom Lee Sees Crypto Bottom Amid $6.95B Firm Loss, Market ShiftsEthereum Set for Rotation as LiquidChain Solves Fragmentation
Fundstrat Global Advisors’ Tom Lee is forecasting a significant capital rotation from precious metals into digital assets, with Ethereum positioned for a major catch-up play. This anticipated liquidity surge, however, spotlights the crypto market’s persistent trillion-dollar problem: fragmentation across Bitcoin, Ethereum, and Solana. Enter LiquidChain ($LIQUID), a Layer 3 protocol aiming to unify these siloed ecosystems, positioning itself as critical infrastructure for the coming wave.
about Ethereum Set for Rotation as LiquidChain Solves FragmentationBitMine Buys ETH Dip Despite $6.9B Loss, Sees Strong Fundamentals
As Ethereum’s price plunged over 26% in a month, falling from around $2,900 to near $2,100, a major institutional holder is doubling down. BitMine, the Ethereum treasury firm chaired by Fundstrat’s Tom Lee, is aggressively accumulating ETH, arguing that weak prices clash with record-breaking on-chain fundamentals and present a strategic buying opportunity.
about BitMine Buys ETH Dip Despite $6.9B Loss, Sees Strong Fundamentals