Buying continues even as most companies stay cautious. BitMine quietly added another 40,000 $ETH, spending...

Buying continues even as most companies stay cautious.

BitMine quietly added another 40,000 $ETH, spending roughly $83,400,000 to expand its Ethereum treasury. The move comes despite ongoing market volatility and large unrealized losses across the sector.

With this purchase, BitMine strengthens its position as one of the largest corporate holders of Ethereum, continuing a strategy focused on long-term accumulation rather than short-term price action.

A significant portion of its ETH is also staked, allowing the company to generate yield while holding through market cycles.

This latest buy reinforces Tom Lee’s view that periods of weakness are opportunities, not warnings.