Bitmine buys $139M in ETH as Tom Lee sees winter ending

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Bitmine Immersion Technologies has increased its Ether holdings again as chairman Tom Lee said the token’s recent weakness may be nearing an end. The company disclosed a fresh purchase of 65,341 ETH ...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2621563063"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2621563063\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2621563063?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-24 17:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2621563063","market":"other","top_or_hot":-1,"title":"Bitmine buys $139M in ETH as Tom Lee sees winter ending","media":"cryptonews","content":"<div>\n<p>Bitmine Immersion Technologies has increased its Ether holdings again as chairman Tom Lee said the token’s recent weakness may be nearing an end. The company disclosed a fresh purchase of 65,341 ETH ...</p>\n\n<a href=\"https://crypto.news/bitmine-buys-139m-in-eth-as-tom-lee-sees-winter-ending/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitmine buys $139M in ETH as Tom Lee sees winter ending</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitmine buys $139M in ETH as Tom Lee sees winter ending\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-24 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bitmine-buys-139m-in-eth-as-tom-lee-sees-winter-ending/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitmine Immersion Technologies has increased its Ether holdings again as chairman Tom Lee said the token’s recent weakness may be nearing an end. The company disclosed a fresh purchase of 65,341 ETH ...</p>\n\n<a href=\"https://crypto.news/bitmine-buys-139m-in-eth-as-tom-lee-sees-winter-ending/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://crypto.news/bitmine-buys-139m-in-eth-as-tom-lee-sees-winter-ending/","article_id":"2621563063","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bitmine-buys-139m-in-eth-as-tom-lee-sees-winter-ending/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2621563063","pubTimestamp":1774346128,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bitmine Immersion Technologies has increased its Ether holdings again as chairman Tom Lee said the token’s recent weakness may be nearing an end. The company disclosed a fresh purchase of 65,341 ETH worth about $139 million, lifting its total holdings to more than 4.6 million Ether.Bitmine bought 65,341 ETH, lifting total holdings above 4.6 million tokens this week.Tom Lee said Ether’s mini-crypto winter may be nearing its final stage now.Bitmine is nearing its goal of owning 5% of Ether’s circulating supply.Bitmine said it has raised its buying pace over the past three weeks. Lee said the company’s base case is that Ether is in the final stages of a “mini-crypto winter” after several months of pressure across digital asset markets.The latest purchase added 65,341 ETH to the company’s balance sheet. That brought Bitmine’s holdings to about 4.661 million Ether as of March 23, according to the company’s update.Balancer Labs shuts down after hack and revenue strain","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","BMNR":"BitMine Immersion Technologies Inc.","ETH":"低成本以太坊ETF-Grayscale"},"translate_title":"Tom Lee认为冬季即将结束，Bitmine购买了1.39亿美元的ETH","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETH":1.94,"BMNR":1.96},"content_text":"Bitmine Immersion Technologies has increased its Ether holdings again as chairman Tom Lee said the token’s recent weakness may be nearing an end. The company disclosed a fresh purchase of 65,341 ETH worth about $139 million, lifting its total holdings to more than 4.6 million Ether.\n\n\nSummary\n\n\n\nBitmine bought 65,341 ETH, lifting total holdings above 4.6 million tokens this week.\nTom Lee said Ether’s mini-crypto winter may be nearing its final stage now.\nBitmine is nearing its goal of owning 5% of Ether’s circulating supply.\n\n\n\nBitmine said it has raised its buying pace over the past three weeks. Lee said the company’s base case is that Ether is in the final stages of a “mini-crypto winter” after several months of pressure across digital asset markets.\nThe latest purchase added 65,341 ETH to the company’s balance sheet. That brought Bitmine’s holdings to about 4.661 million Ether as of March 23, according to the company’s update.\nLee also pointed to policy and market signals that he said support a better outlook for crypto. In the company statement, he linked that view to progress on the CLARITY Act and to the way Ether and other digital assets have held up during recent geopolitical stress.\nCompany moves closer to 5% Ether supply target\nBitmine’s total Ether position now equals about 3.86% of the circulating supply, based on Ethereum’s circulating supply of about 120.69 million tokens. The company has said it wants to accumulate 5% of the circulating supply over time.\nTo reach that goal at the current supply level, Bitmine would still need roughly 1.37 million more ETH. At prices near $2,156, that would require close to $3 billion in additional purchases.\nEther’s supply is not fixed. The total can rise or fall depending on issuance and token burning, so the amount needed to reach 5% can change over time.\nStaking remains part of the strategy\nBitmine said more than 3 million of its Ether is now staked. That means the company is not only building a treasury position but also using the assets within Ethereum’s proof-of-stake system.\nThe company also reported other holdings on its balance sheet. These include about $1.1 billion in cash, 196 Bitcoin, a $200 million stake in Beast Industries, and a $95 million stake in Eightco Holdings.\nMoreover, Bitmine is now one of the largest corporate Ether holders in the market. Strategic ETH Reserve data cited in public reports shows Bitmine ahead of other treasury firms, with SharpLink Gaming and Ether Machine trailing by a wide margin.\nThe company’s latest move also reflects a wider trend that grew across 2025 as more firms shifted capital into crypto treasury strategies. \n\n\n\n\n\n                Read more:\n            \n\n                Balancer Labs shuts down after hack and revenue strain","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}