According to the data, Strategy, led by Michael Saylor, has suffered total losses of more than $12.4 billion on its Bitcoin portfolio, while BitMine, led by Tom Lee, has lost more than $10 billion on its Ethereum portfolio.

Shares of the company led by Tom Lee fell another 5.9% on Wednesday, dropping below $17 and extending their decline to 28% since the beginning of May. The stock has now fallen below its February lows to the lowest level since the company announced its shift to an Ethereum treasury strategy in 2025.

BitMine Immersion Technologies, the largest corporate holder of Ethereum, has filed with the U.S. Securities and Exchange Commission to publicly offer 3 million Series A perpetual preferred shares.

Bitmine, a publicly traded company known for its Ethereum-focused investment strategy, has significantly increased its Ethereum holdings through new purchases over the past week. According to the company's statement, Bitmine acquired 26,497 ETH last week for approximately $53.07 million.

BitMine, the largest holder of Ethereum, may face major problems this year. The company currently holds 5.28 million Ethereum tokens, representing 4.37% of the circulating supply.

BitMine acquired 111,942 $ETH over the past week. This was announced by its head, Tom Lee. According to him, the company views Ethereum’s decline below $2,200 as an “attractive opportunity” to accumulate the asset.

According to a post by blockchain analytics platform Onchain Lens, a wallet allegedly linked to the Ethereum treasury management company withdrew 60,000 Ethereum, worth approximately $126 million, from BitGo and cryptocurrency exchange Kraken.

Public corporation Bitmine Immersion Technologies reported on the structure of its treasury reserves. According to the company’s report, it purchased another 71,672 $ETH over the past week. The combined value of the organization’s cryptocurrency holdings, cash reserves, and venture investments reached $12.6 billion.

Bitmine Immersion Technologies added another 26,659 $ETH to its reserves. According to the company’s latest report, the total value of its crypto assets, cash holdings, and venture investments has reached $13.4 billion.

BitMine Immersion Technologies chairman Tom Lee stated that the company plans to slow down its aggressive accumulation of Ethereum as it is close to achieving its goal of controlling 5% of the circulating supply of the world’s second-largest cryptocurrency by market capitalization.

Bitmine Immersion Technologies, a crypto asset management company, continues to aggressively accumulate Ethereum. According to the latest statement, the company purchased an additional 101,745 ETH last week, bringing its total Ethereum holdings to approximately 5.18 million ETH.

Bitmine, a company operating in crypto asset management and mining, continues to increase its investments in Ethereum. According to data provided by blockchain analytics platform Lookonchain, the company staked 162,088 Ethereum approximately eight hours ago. The market value of this transaction is estimated at around $366 million.

Cryptocurrency

This week, Bitmine, the largest public holder of Ethereum, acquired another 100,000 $ETH, spending nearly $233.7 million, according to Lookonchain data.

In the cryptocurrency market, institutional players’ strategies focused on Ethereum continue to attract attention. According to information provided by the blockchain data platform Lookonchain, Bitmine recently staked 93,600 Ethereum. The total value of this transaction is estimated at approximately $218 million.

Over the past four months, the company reached its highest accumulation pace, purchasing 101,627 Ethereum in just one week. This marks the largest weekly increase since major purchases recorded during the week of December 15, 2025.

The net loss of BitMine Immersion Technologies for the quarter ended February 28, 2026, reached $3.82 billion. The reason was the revaluation of its Ethereum reserves amid a prolonged market downturn.