Bitmine’s ETH Splurge: $83M in a Day – Darling, Pass the Champagne!

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My dear, have you heard the latest? Bitmine Immersion Technologies, that darling of the crypto set, has simply gone and outdone itself. Its Ethereum treasury, already the envy of every hedge fund from here to Timbuktu, has soared to a staggering 4.326 million tokens. Really, one can’t help but applaud such audacity, especially in the face of this ghastly market volatility. Bravo, darlings, bravo!

  • Bitmine’s Ethereum holdings now stand at 4.326 million ETH, a sum so grand it’s practically vulgar-roughly 3.6% of ETH’s circulating supply, no less.
  • On-chain data, that ever-gossiping busybody, reveals the firm snapped up 40,000 ETH in a single day, a trifling $83.4 million. Oh, and let’s not forget the $42.3 million purchase from BitGo-simply divine.
  • Nearly 2.9 million ETH are staked, my dear. Yes, staked! Bitmine’s long-term strategy is as unshakable as a society matron’s resolve at a charity auction.

The Tom Lee-chaired company (yes, that Tom Lee) has announced with all the subtlety of a trumpet fanfare that its Ethereum stash now constitutes 3.6% of ETH’s total circulating supply. Darling, that cements Bitmine as the largest corporate holder of the asset. One can only imagine the clinking of champagne flutes at their board meetings.

And let’s not forget, combined with Bitcoin and cash reserves, Bitmine’s total holdings are valued at a cool $10 billion. Really, one wonders if they’ve considered buying a small country next.

A Fresh $83M ETH Buy? How Utterly Extravagant!

On-chain data, that relentless tattletale, flagged Bitmine’s latest spree on Monday. According to the ever-watchful Lookonchain, the firm purchased 20,000 ETH (a mere $42.3 million) from BitGo, following an earlier buy of the same size. Really, one can’t keep up with their spending!

It seems that Tom Lee(@fundstrat)’s #Bitmine bought another 20,000 $ETH($42.3M) from BitGo 7 hours ago.

Today alone, it has bought 40,000 $ETH($83.4M).

– Lookonchain (@lookonchain) February 10, 2026

“Bitmine has been steadily buying Ethereum,” cooed Tom Lee, Executive Chairman of Bitmine, “as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of its high utility or its role as the future of finance.” Darling, how positively poetic!

Staking Strategy: A Long-Term Affair, Darling

Bitmine has revealed that nearly 2.9 million ETH of its holdings are staked, generating yield through its expanding Ethereum infrastructure operations. The company insists its strategy is aimed at long-term value creation, not those tiresome short-term price movements. How refreshingly old-fashioned!

Chairman Tom Lee, ever the optimist, described recent price weakness as an opportunity, citing Ethereum’s history of sharp recoveries and pointing to staking yields as an additional source of return. Really, one can almost hear him clucking like a mother hen over his precious ETH.

Ethereum may be struggling to regain its footing in this risk-off climate, but Bitmine’s continued buying underscores the growing interest among institutional players. Even as near-term price action remains as unpredictable as a socialite’s mood, one can’t help but admire their chutzpah.

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2026-02-10 09:38