Tom Lee Says Crypto Winter Is Ending as #BitMine Adds $ETH


BitMine Immersion Technologies purchased 60,976 $ETH last week, its largest weekly acquisition in token terms so far in 2026, the company disclosed Monday.


The purchase, valued at approximately $120 million at current prices, brought total holdings to 4,534,563 $ETH. At $2,015 per coin, the company's Ethereum treasury is worth approximately $9.14 billion.


The announcement coincided with $ETH reclaiming the $2,000 level after trading below that mark for the entire weekend. The asset had climbed to $2,179 midweek during a broader crypto rebound before giving back those gains by Friday. It remained below $2,000 until early Monday.


BitMine Chairman Tom Lee said the firm raised its weekly buying pace from a recent average of 45,000 to 50,000 $ETH as market data pointed toward a potential bottom.


"We continue to believe that crypto prices are in the late/final stages of the 'mini-crypto winter,'" Lee said in a statement. He added that no clear signal marks a market bottom, making a gradual increase in accumulation the firm's preferred approach.

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March 09, 2026 at 6:51 PM
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