Ethereum Price, BitMine Shares Jump as Tom Lee's Treasury Reports Latest Buy

Decrypt03-02 15:34

In brief BitMine added another $103 million in Ethereum last week. The firm now holds 3.71% of the entire circulating supply, though its unrealized losses sit near $7.7 billion. Nevertheless, shares ...

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Latest Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-02 15:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://decrypt.co//359594/ethereum-price-bitmine-shares-jump-tom-lee-treasury-latest-buy><strong>Decrypt</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In brief\nBitMine added another $103 million in Ethereum last week.\nThe firm now holds 3.71% of the entire circulating supply, though its unrealized losses sit near $7.7 billion.\nNevertheless, shares ...</p>\n\n<a href=\"https://decrypt.co//359594/ethereum-price-bitmine-shares-jump-tom-lee-treasury-latest-buy\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTF","symbol_name":"比特币&以太币期货ETF-CoinShares","start_time":0,"source_url":"https://decrypt.co//359594/ethereum-price-bitmine-shares-jump-tom-lee-treasury-latest-buy","article_id":"2616359492","we_media_id":null,"thumbnails":["https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/11/tom-lee-fundstrat-decrypt-style-02-gID_7.jpg@webp"],"rights":{"source":"decrypt_highlight","url":"https://decrypt.co//359594/ethereum-price-bitmine-shares-jump-tom-lee-treasury-latest-buy","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2616359492","pubTimestamp":1772436887,"columns":[],"sourceInfo":{"source_id":"decrypt_highlight","name":"Decrypt"},"weMediaInfo":null,"summary":"Publicly traded Ethereum treasury BitMine Immersion Technologies added to its ETH stack last week despite its recent decline.","collect":0,"end_time":0,"defaultTopTitle":"decrypt.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTF":"比特币&以太币期货ETF-CoinShares","ETH":"低成本以太坊ETF-Grayscale","ETHA":"以太坊ETF-iShares","SETH":"1倍做空以太币期货ETF-Proshares","ETHD":"ProShares UltraShort Ether ETF","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","QETH":"以太坊ETF-Invesco Galaxy","FETH":"以太币ETF-Fidelity","ETHE":"最大以太坊ETF-Grayscale","EETH":"以太币期货ETF-ProShares","ETHI":"Defiance Leveraged Long Income Ethereum ETF","YETH":"Roundhill Ether Covered Call Strategy ETF","ETHT":"ProShares Ultra Ether ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","ETCO":"Grayscale Ethereum Covered Call ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","ETHV":"以太坊ETF-VanEck","EZET":"以太坊ETF-Franklin","ETHW":"以太坊ETF-Bitwise"},"translate_title":"随着Tom Lee的财政部报告最新买入，以太币价格和比特矿股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHI":0.6,"YETH":0.6,"EETH":0.6,"ETH":0.6,"SETH":0.6,"QETH":0.6,"ETHE":0.6,"ETHU":0.6,"FETH":0.6,"ETQ":0.6,"ETU":0.6,"ETHA":0.6,"BTF":0.6,"ETHD":0.6,"ETHV":0.6,"ETCO":0.6,"ETHW":0.6,"EZET":0.6,"ETHT":0.6},"content_text":"In brief\nBitMine added another $103 million in Ethereum last week.\nThe firm now holds 3.71% of the entire circulating supply, though its unrealized losses sit near $7.7 billion.\nNevertheless, shares are up more than 8% on Monday as crypto begins to rebound.\nPublicly traded Ethereum treasury BitMine Immersion Technologies added another 50,928 ETH or $103 million worth of Ethereum as the second-largest crypto asset continued its slide last week—though ETH is now surging as of Monday morning.The latest acquisition brings its total haul to 4,473,587 ETH, around 3.71% of the circulating Ethereum supply, now valued at $9 billion as Ethereum trades around $2,037—down about 22% in the last month. Though its unrealized or paper losses sit around $7.7 billion, according to analytics firm DropsTab, the firm’s chairman Tom Lee remains convinced of the asset’s long-term future.\"BitMine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals,” said Lee in a statement. “In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance.\"As the firm continues to accumulate for its balance sheet, it has also increased its share of staked Ethereum, earning yield on its holdings.“BitMine has staked more ETH than other entities in the world,” said Lee.BitMine is now staking more than 3 million ETH, which the firm anticipates would result in an annual staking revenue of around $172 million, at current rates. However, when it is fully staked and utilizing its upcoming, self-built Made in America Validator Network (MAVAN), it estimates annual revenues will jump to $253 million. That figure is derived using a slightly higher staking rate generated by what he said is the firm’s “best-in-class” platform that is expected to be launched during 2026. At present time, though, it is working with three separate staking providers to generate yields. The firm’s commitment to accumulating and staking Ethereum has not resulted in any shareholder value of late. Shares in BMNR have fallen 51% in the last six months as ETH has slid 59% from its August all-time high. Shares in the firm are up around 8.4% on Monday at a recent price of $20.61, however, while ETH has posted a 1.1% gain in the last 24 hours. Ethereum is up more than 5% in the last hour, as of this writing, with other assets also surging alongside ETH.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2616359492","isCrawlerRequest":true}