Ethereum

Million

Save

Arkham

<h3 id="what-to-know">What to know:</h3>
<ul>
 <li>BitMine purchased $213 million worth of Ethereum despite holding massive unrealized losses.</li>
 <li>The company holdings reached $9.32 billion, representing 4.59% supply today.</li>
 <li>The firm needs $819 million more to reach 5% ownership.</li>
</ul>
BitMine has purchased another $213.57 million worth of Ethereum despite holding more than $10 billion in unrealized losses from the recent market downturn. 
According to blockchain intelligence platform <a href="https://x.com/arkham/status/2064263036555415671?s=46" rel="noopener noreferrer nofollow">Arkham</a>, the Ethereum treasury company completed the latest acquisition as ETH continued trading well below levels seen earlier this year. The purchase further expands BitMine’s already massive Ethereum reserve and highlights its commitment to long-term accumulation. 
The company, chaired by Tom Lee, has continued buying Ethereum regardless of price performance. While many investors become more cautious during prolonged declines, BitMine has maintained its strategy of steadily increasing its exposure to the second-largest cryptocurrency. Moreover, the latest transaction comes at a time when market volatility continues weighing on digital assets. 
Following the acquisition, the company’s Ethereum holdings have reached approximately $9.32 billion, accounting for about 4.59% of Ethereum’s circulating supply and making BitMine one of the largest known corporate holders of the asset. 
<h2 id="bitmine-continues-buying-despite-massive-unrealized-losses">BitMine Continues Buying Despite Massive Unrealized Losses</h2>
BitMine’s latest purchase has attracted attention because it arrives while the company remains deep in paper losses. Ethereum’s recent decline has significantly reduced the value of its treasury holdings, leaving the firm with unrealized losses estimated at more than $10 billion. 
Also Read: <a href="https://36crypto.com/heres-why-xrp-etfs-continue-to-attract-inflows-while-btc-bleed-worlds-largest-xrp-treasury-explains/" rel="noopener noreferrer nofollow">Here’s Why XRP ETFs Continue to Attract Inflows While BTC Bleeds: World’s Largest XRP Treasury Explains</a> 
Many market participants expected large treasury holders to adopt a more defensive approach under such conditions. However, BitMine has continued expanding its Ethereum position instead of reducing risk. 
<div class="embed-x">
 <blockquote class="twitter-tweet">
 TOM LEE BOUGHT $213.57 MILLION OF ETH <a href="https://t.co/LdxWiuaO0T" rel="noopener noreferrer nofollow">pic.twitter.com/LdxWiuaO0T</a> 
 — Arkham (@arkham) <a href="https://x.com/arkham/status/2064263036555415671?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 9, 2026</a> 
 </blockquote>
</div>
Additionally, the firm’s growing ownership stake has<a href="https://36crypto.com/bitmine-accelerates-ethereum-buying-spree-as-holdings-near-5-supply-target/" rel="noopener noreferrer nofollow"> brought it closer</a> to another major milestone. Current estimates suggest BitMine would need approximately $819.86 million worth of additional Ethereum to reach ownership of 5% of the circulating ETH supply. 
Arkham’s treasury tracking information shows that the latest acquisition extends a pattern of consistent Ethereum purchases. Despite substantial unrealized losses, BitMine continues adding to its holdings while reinforcing its long-term commitment to Ethereum accumulation and increasing its share of the asset’s circulating supply. 
Also Read:&nbsp;<a href="https://36crypto.com/white-house-rushes-to-save-clarity-act-as-key-senate-vote-nears/" rel="noopener noreferrer nofollow">White House Rushes to Save Clarity Act as Key Senate Vote Nears</a> 
The post <a href="https://36crypto.com/bitmine-adds-213-million-eth-while-sitting-on-huge-paper-losses/" rel="noopener noreferrer nofollow">BitMine Adds $213 Million ETH While Sitting on Huge Paper Losses</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

BitMine Adds $213 Million ETH While Sitting on Huge Paper Losses

Table of Contents

36crypto

Other articles published on Jun 9, 2026

Join our free newsletter for daily crypto updates!