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Bitmine Ignores $7.8B Paper Losses, Buys $83M Worth of ETH as Market Dips
Feb 10, 2026
< 1 min read
by Wayne Jones
for CryptoPotato
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BitMine, the Ethereum-focused treasury firm chaired by Fundstrat’s Tom Lee, bought roughly $83 million worth of ETH on Monday, with its existing holdings sitting deep in the red.
The purchases came during another volatile session for Ethereum, with on-chain data showing heavy selling from other large holders and ETH trading near multi-month lows.
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In This News
Coins
$ 1.79K
-0.37%$ 1.79K
-0.52%Predictions Markets
See what traders are focused on
Share:
Read More
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