BitMine acquires 125,000 ether in three days for 205 million

BitMine digs the crypto market like a stubborn gardener after the storm. Every week, the company turns the soil, plants new ether seeds and fills its bags. While other crypto investors put away their tools, Tom Lee keeps sowing. His final harvest could surprise everyone.

Ethereum retreats, but BitMine plants even stronger

BitMine just bought an additional 25,000 ETH for 41 million dollars. In just three days, the company accumulated 125,000 ether, nearly 205 million dollars.

The contrast is striking: Ethereum has retreated over 44% since January 2026. The crypto prince is trading around 1,640 dollars. Yet, Tom Lee acts as if the soil were more fertile after the rain.

Lookonchain noted this buying frenzy on the blockchain. “Bitmine bought 125,000 ETH in total, worth 206 million dollars, over the last three days“, the analyst notes.

Reactions on X range between mockery and perplexity. “What does he see that we do not?“, asks one user. Another mocks: “they are so cooked“.

BitMine, undeterred, continues to sow. Ethereum remains its target, no matter what happens.

The Ethereum bet approaches an unprecedented threshold

The real story is not limited to the recent 125,000 ETH. BitMine now holds 5,543,872 ether, according to its latest official publications. This mountain represents around 4.59% of the total circulating supply of Ethereum.

No other listed company has ever reached such concentration on a global digital asset. BitMine is now about 92% of its goal: owning 5% of all existing ethers.

This strategy gradually transforms Ethereum into an institutional war chest. Unlike bitcoin, widely seen as digital gold, Ethereum fuels a vast infrastructure. Decentralized finance, tokenized products, smart contracts, everything relies on this blockchain.

Tom Lee recently hinted that the company might slow its purchases once the 5% threshold is reached. One question remains: what happens to the liquidity of a crypto market when a single player controls 5% of the available tokens?

Crypto watches a 10 billion bet

This spectacular accumulation has a rougher side. According to DropsTab estimates, cited by The Block, BitMine would bear about 9.9 billion dollars in unrealized losses on its Ethereum reserves.

In traditional finance, such a situation would push to reduce exposure. BitMine chooses the opposite. The company continues to strengthen its positions despite crypto market turbulence.

Tom Lee defends a long-term vision. He considers Ethereum an essential infrastructure of the digital economy. He also mentions the future role of artificial intelligence and autonomous agents.

This reading attracts some crypto investors. It also worries the more cautious. Between strategic conviction and monumental risk-taking, BitMine moves like a market gardener who continues to water his field even though the sky remains threatening.

Key figures of the BitMine offensive

• 125,000 ETH bought in three days.
• 205 million dollars committed.
• 5.54 million ether held.
• 4.59% of the total Ethereum supply.
• Current ETH price: 1,659 dollars.

While bitcoin and Ethereum continue to attract large crypto investors, the rest of the market tells another story. Some altcoins struggle to keep their appeal. Investor confidence is gradually eroding on XRP, despite the resilience shown by the two main cryptocurrencies.