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ResolvedCrypto

Bitmine Executes Largest 2026 Ether Purchase Worth $214 Million

First Detected: Jun 8, 2026, 1:17 PM
Last Update: 3 months ago
11 articles·2 stories

Event Summary

Tom Lee's Bitmine executed its largest Ether purchase of 2026, acquiring 126,971 ETH last week valued at approximately $214 million. On-chain data from June 11 shows the firm purchased an additional $41 million worth of ETH. Despite facing nearly $10 billion in paper losses on its holdings, the firm continues to buy Ether at an accelerated pace.

Timeline

Bitmine Adds $41M in ETH to Treasury Despite $10B Unrealized Loss
Jun 11, 2026, 3:51 AMImpact: 4
Bitmine Executes Largest 2026 Ether Purchase Worth $214 Million
Jun 8, 2026, 1:17 PMImpact: 4

Price Impact

Since event start
ETH+47.17%
BTC+23.72%