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Ethereum Cointelegraph

BitMine buys 40,613 ETH during sell-off as Ether strategy faces deep drawdown

Tom Lee–backed BitMine added over 40,000 ETH during last week’s market sell-off, doubling down on its Ether treasury strategy despite multibillion-dollar unrealized losses.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

BitMine buys 40,613 ETH during sell-off as Ether strategy faces deep drawdown

Tom Lee–backed BitMine added over 40,000 ETH during last week’s market sell-off, doubling down on its Ether treasury strategy despite multibillion-dollar unrealized losses.

Why this matters

Ethereum is showing up inside the Crypto Treasuries theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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