Bitmine Buys 71K ETH as Tom Lee Says Crypto Is “Wartime Store of Value”
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Bitmine purchased 71,179 ETH in one week, bringing its treasury to ~4.732M ETH (nearly 4% of total supply) and total crypto+cash holdings of ~$10.7B. The firm has staked 3.14M ETH via MAVAN, generating roughly $177M/year in staking yield, creating the largest ETH treasury and reducing liquid supply. Tom Lee labels crypto a “wartime store of value” as ETH outperformed stocks by 11.6%, signaling adoption and market resilience for crypto, ETH, staking and DeFi.
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- Bitmine buys 71K ETH in a week, now holding 4.73M ETH, nearly 4% of total supply.
- Tom Lee calls crypto a “wartime store of value” as ETH outperforms stocks by 11.6%.
- Bitmine stakes 3.14M ETH via MAVAN, generating $177M annually, the largest ETH treasury globally.
Bitmine Immersion Technologies purchased 71,179 ETH in one week, expanding its treasury amid rising geopolitical tensions. Chairman Tom Lee described crypto as a “wartime store of value,” highlighting Ethereum’s recent outperformance over traditional assets during market volatility.
Bitmine Buys 71K ETH to Expand Strategic Treasury
As per the release, Bitmine has been steadily buying Ethereum over the past month, previously averaging 45,000–50,000 ETH per week. The recent 71,179 ETH, bringing total reserves to approximately 4.73 million ETH.
The company has steadily accumulated Ethereum,…
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