Tom Lee’s ‘Mini-Winter’ Strategy: Buy More ETH!

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Bitmine Immersion Technologies, ever the gambler, added another modest pile of 45,759 ETH to its treasury, a move that might as well be a prayer in the desert of crypto’s whims.

Bitmine’s ETH Holdings Hit 4.37M Tokens After Latest Buy

On Feb. 17, Bitmine rolled the dice, acquiring 45,759 ETH for roughly $91.4 million-a sum that might as well be a drop in the ocean of their ambitions. Now, their total ethereum hoard stands at 4,371,497 ETH, a treasure valued near $8.73 billion. The company now wields 3.62% of Ethereum’s 120.7 million circulating supply-a slice of the pie that would make a baker weep with envy.

Chaired by the indomitable Tom Lee, Bitmine has whispered its “alchemy of 5%” dream to the winds: to amass 5% of the total ETH supply. With 72% of that goal achieved in seven months, the firm marches forward, a lone wolf in a pack of wolves, regardless of price swings that might make a seasoned trader weep into their coffee.

Lee, ever the optimist, dubbed current crypto conditions a “mini-winter,” a term that sounds less like a season and more like a curse. “We cannot control the price of ethereum,” he said, as if the gods of finance had handed him a lemon and told him to make a cocktail. “But we’re buying regardless, for the long game.” A long game, perhaps, but one that feels like a high-stakes poker match with a dealer who’s already stacked the deck.

Staking remains Bitmine’s bread and butter. As of Feb. 16, they’ve staked 3,040,483 ETH-about 69% of their holdings-earning $176 million annually. A yield slightly above the market’s, like a farmer boasting about his harvest while the neighbors starve. At full deployment, the company estimates annual staking rewards could reach $252 million. A fortune, yes-but one that feels as fleeting as a sunrise in a desert.

Beyond Ethereum, Bitmine holds 193 bitcoin, $670 million in cash, and minority stakes in Beast Industries and Eightco Holdings. Combined, their crypto, cash, and “moonshot” investments total about $9.6 billion. A empire, perhaps, but one built on the shifting sands of speculation.

The market, ever the skeptic, reacted with a yawn. Shares of BMNR are down 4.68% at $19.98, as investors grumble over $8 billion in unrealized losses. Yet Bitmine, undeterred, clings to its vision of Ethereum’s future: tokenization, AI applications, and creator ecosystems. A vision as grand as a desert mirage.

Whether that thesis proves prescient remains to be seen. What is clear: Bitmine is not waiting for sunnier skies to add to its pile. They’re building a fortress, one ETH at a time, while the world watches, skeptical but curious.

FAQ ❓

  • Why did Bitmine acquire more ethereum?
    The company says it is executing a long-term treasury strategy aimed at accumulating 5% of the total supply. A noble goal, if you ignore the fact that 5% of a volatile asset is like betting on a horse with a broken leg.
  • How much ethereum does Bitmine now hold?
    Bitmine holds 4,371,497 ETH, representing about 3.62% of the circulating supply. A small slice of the pie, but one that could feed a kingdom if the market ever smiles.
  • How much of Bitmine’s ethereum is staked?
    Approximately 3,040,483 ETH-about 69% of its holdings-are currently staked. A risky move, but then again, what’s life without a little risk?
  • How is the market reacting to the purchase?
    BMNR shares fell 4.68% on Feb. 17 midday, as investors weighed unrealized losses against the firm’s long-term strategy. A cautionary tale for those who think they can outsmart the market.

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2026-02-17 23:17