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25/03/26 01:46 UTC-04

Tom Lee’s Bitmine continues large-scale Ethereum purchases

As institutional buying in the crypto market remains strong, Bitmine has once again made headlines with a major Ethereum purchase. According to analytics platform Lookonchain, citing Arkham data, the company acquired approximately 67,111 ETH on Tuesday. The total value of the purchase is estimated at around $145 million.

According to the analysis, the ETH was withdrawn from the Kraken exchange via two separate wallets. The transactions were also confirmed by EmberCN.

This latest purchase further increased the company’s holdings, which stood at 4.66 million ETH as of March 22. The total value of Bitmine’s Ethereum reserves is reportedly around $10 billion, representing 3.86% of the total circulating supply. Previously, the company also announced the purchase of an additional 65,341 ETH since March 16.

CEO Tom Lee stated that the company has accelerated its buying pace over the past three weeks, adding that they believe Ethereum is in the final stage of what they call a “mini crypto winter.”

According to available data, Bitmine remains the company with the largest Ethereum reserves. It is followed by SharpLink Gaming with over 863,000 ETH and The Ether Machine with approximately 496,000 ETH.

Meanwhile, although Ethereum’s price has risen by 1% over the past 24 hours to $2,154, it is still about 55% below its peak reached in August 2025. Bitmine’s stock, meanwhile, has shown increased volatility in recent periods.

See also: "Bitcoin today: rises above $71K amid mixed signals"

#Buy #Ethereum (ETH) #BitMine

Editor: Alyona Nabok
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