Bitmine Immersion Technologies, the Ethereum (ETH) treasury firm chaired by Fundstrat’s Tom Lee, has reportedly added another $145 million worth of ether to its holdings on Tuesday, showing no signs of easing its accumulation.
Onchain analytics provider Lookonchain, citing Arkham data, reported that Bitmine purchased 67,111 ETH worth roughly $144.8 million from Kraken on Tuesday via two addresses. Another analytics platform, EmberCN, also flagged the transactions.
The reported purchase today adds to Bitmine’s holdings of 4.66 million ETH ($10 billion) recorded as of March 22, representing around 3.86% of Ethereum’s current circulating supply. The company said in a Monday disclosure that it had acquired 65,341 ETH since its previous update on March 16.
The Block has reached out to Bitmine for further information.
“Bitmine has maintained the increased pace of ETH buys in each of the past three weeks, as our base case is ETH is in the final stages of the ‘mini-crypto winter,'” Tom Lee, chairman of Bitmine, said in the Monday statement.
Bitmine remains the largest known ether treasury holder, followed by SharpLink Gaming with about 863,021 ETH and The Ether Machine with around 496,712 ETH, according to StrategicETHReserve data.
Ethereum climbed 1% over the past 24 hours to $2,154 as of 11:00 p.m. ET Tuesday, according to The Block’s price page. It remains down more than 55% from its record high of around $4,900 reached in August 2025.
Bitmine’s stock (BMNR) fell 2.21% on Tuesday to close at $20.8, before rebounding 1.88% in after-hours trading. The stock is down nearly 60% over the past six months.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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