EL7.AI
CryptoUpdated•Originally published 11 June 2026•Updated 11 June 2026•
1 min read

Bitmine Adds $41M in ETH to Treasury Despite $10B Unrealized Loss

Key Facts

1Tom Lee's Bitmine purchased $41 million worth of ETH according to on-chain data.
2The firm continues buying ETH at an accelerated pace despite nearly $10 billion in paper losses on its holdings.

As major institutions continue to integrate digital assets into their hedging strategies, Tom Lee's Bitmine has further bolstered its cryptocurrency holdings. According to Lookonchain data, the firm purchased 25,000 units of Ether (ETH) worth $41.09 million from BitGo on June 10, 2026. The company is maintaining an accelerated buying pace for ETH despite facing nearly $10 billion in unrealized paper losses on its total holdings.

This transaction follows a significantly larger $214 million purchase executed just two days ago, signaling a firm commitment to accumulating assets at current valuations. In comparison to industry peers, while MicroStrategy remains the dominant institutional holder of Bitcoin, Bitmine is emerging as a primary aggressive accumulator of Ethereum per market data. Industry analysts suggest this accumulation reflects long-term confidence in Ethereum's network upgrades and potential ETF-driven inflows.

Looking ahead, Ethereum prices remain sensitive to broader macroeconomic catalysts. Investors should watch for Fed Barkin's speech on June 4, 2026, and the upcoming U.S. Non-Farm Payrolls data on June 5, 2026, as these events are likely to influence market liquidity and risk appetite across the crypto sector.