Tom Lee's Bitmine Buys Another $102 Million ETH Despite $7 Billion in Unrealized Losses

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitmine buys $102 million in ETH Ethereum briefly recovers $2,000 Strategy buys more Bitcoin Advertisement Arkham Research has published a report to reveal that the Bitmine crypto treasury company, spearheaded by analyst and investor Tom Lee, has acquired yet another large Ethereum batch to add to its ETH holdings. Arkham stressed that the company did it despite the overall unrealized loss of several billion dollars on the ETH it owns. Bitmine buys $102 million in ETH Over the past week, the treasury company acquired $102.05 million worth of Ethereum. Arkham stressed that Bitmine how holds $8.97 billion Ethereum in total. This is an impressive amount and is more than 3.7% of the total Ethereum supply in circulation. Bitmine’s long-term goal is to accumulate 5% of the ETH supply. Tom Lee believes that now, when he believes the crypto winter is about to end, is a perfect entry point into this popular asset. HOT Stories 'Seems Important': Ripple CTO Emeritus Reacts to DTCC News Crypto Market Review: XRP Invalidates $1.30 Safeguard, Is Bitcoin (BTC) Exposed to Selling Pressure? Shiba Inu (SHIB) Hides Bullish Divergence The company staked 67% of its Ethereum holdings – this part is valued at slightly more than $6 billion. However, the analytics data source also emphasized that Bitmine is facing an unrealized loss of around $7 billion. Still, the company seems determined to continue its long-term bet on Ethereum. Advertisement Tom Lee’s Bitmine bought another $102.05M of ETH in the past week. They now hold a total of $8.97B of ETH, which is over 3.7% of the total ETH supply. Bitmine has staked over 67% of their ETH holdings, currently worth $6.09B. Despite this, Tom Lee’s Bitmine is at an unrealized… — Arkham (@arkham) March 3, 2026 Ethereum briefly recovers $2,000 Over the past week, the second most popular cryptocurrency, Ethereum, has been demonstrating intensive volatility and has been moving in a range. Over this period, it has hit support at $1,840 and resistance at the $2,000 level. Earlier today, ETH again tried to break through it for the first time since February 25. After jumping by roughly 8% on Monday, ETH briefly reached $2,000 but then a decline of 6.44% followed, taking the coin back to $1,956. As it happened, other whales have also begun to accumulate Ethereum. Advertisement You Might Also Like Tue, 03/03/2026 - 10:03 Is $71K New Ceiling for Bitcoin? Analyst Decodes Latest BTC Technical Setup By Gamza Khanzadaev Strategy buys more Bitcoin Meanwhile, another crypto treasury company, Strategy, the largest one in the Bitcoin sector, has also announced another BTC acquisition. Its founder, former CEO, and currently its executive chairman, Michael Saylor, made a statement about it on his X page. Strategy has acquired 3,015 BTC for ~$204.1 million at ~$67,700 per bitcoin. As of 3/1/2026, we hodl 720,737 $BTC acquired for ~$54.77 billion at ~$75,985 per bitcoin. $MSTR $STRC https://t.co/rqDIhlUDNx?from=article-links — Michael Saylor (@saylor) March 2, 2026 Per his announcement, Strategy purchased an impressive 3,015 Bitcoin valued at approximately $204.1 million, paying around $67,000 per coin. This purchase boosted the company’s BTC holdings to 720,737 coins evaluated at roughly $54.77 billion. #Tom Lee #Ethereum #Bitmine #Michael Saylor