Tom Lee’s BitMine Buys 45,759 ETH as CryptoQuant Flags Potential Bottom For Ethereum
BitMine added tens of thousands of ETH amid a market pullback while analysts point to potential bottoming signals.
BitMine Immersion Technologies purchased 45,759 ETH last week, increasing its treasury to roughly 4.37 million ETH, the firm said. The buy was reported at about $90 million by CryptoBriefing and $91 million by CoinDoo, and BitMine disclosed total crypto, cash and “moonshot” holdings of $9.6 billion [2][4][1].
Founder Tom Lee characterized crypto sentiment as reminiscent of the 2018 and 2022 market lows, and CoinDesk noted the purchase was BitMine’s largest weekly ETH buy in token terms this year; market-data commentary from CryptoQuant has flagged a potential bottom for Ethereum as price traded near $1,974 (down ~1.97% on the day and ~40.31% over the past month) [3][1].
The purchases continue BitMine’s accumulation strategy amid the recent pullback in crypto markets, as institutions increase ETH exposure while prices remain depressed [3][4].
BitMine’s reported $90M+ acquisition adds to its multi-million ETH treasury as market observers point to signs of possible bottoming in Ethereum, according to the company and market analysts [1][2][3].
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- 2BitMine adds $90 million in ETH, Tom Lee cites sentiment parallels with past crypto lowsCrypto Briefing• Feb 17, 2026
- 4Bitmine Buys $91 Million Worth of Ethereum During Market PullbackCoindoo• Feb 17, 2026
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