Arcam Research has released a report revealing that Bitmine, the crypto treasury firm led by analyst and investor Tom Lee, has acquired yet another large batch of Ethereum to add to its assets. $ETH Collection.
Arkham emphasized that the company did so despite billions of dollars in unrealized losses overall. $ETH It owns.
Bitmine acquires $102 million $ETH
In the past week, the treasury firm acquired $102.05 million worth of Ethereum. Arkham highlighted how Bitmine holds a total of $8.97 billion in Ethereum. This is an impressive amount and represents over 3.7% of the total Ethereum supply in circulation. Bitmine’s long-term goal is to accumulate 5%. $ETH supply. Tom Lee believes now is the perfect entry point into this popular asset as he believes the crypto winter is coming to an end.
The company owns a 67% stake in Ethereum, valued at just over $6 billion. However, the analytical data source also highlighted that Bitmine faces approximately $7 billion in unrealized losses. Still, the company seems determined to continue its long-term bet on Ethereum.
Tom Lee’s Bitmine buys another $102.05 million $ETH In the past week. They currently hold assets totaling $8.97 billion. $ETHmore than 3.7% of the total. $ETH supply.
Bitmine stakes over 67% of that. $ETH Currently holdings worth $6.09 billion. Nevertheless, Tom Lee’s Bitmine remains unviable…
— Arkham (@arkham) March 3, 2026
Ethereum temporarily collects $2,000
Over the past week, Ethereum, the second most popular cryptocurrency, has shown intense volatility and remains range bound. During this period, support at $1,840 and resistance at the $2,000 level were reached.
Early morning today, $ETH attempted to break through again for the first time since February 25th. After surging about 8% on Monday. $ETH It briefly reached $2,000, but has since declined by 6.44%, sending the coin back down to $1,956. Coincidentally, other whales also started accumulating Ethereum.
Buy more Bitcoin with strategies
Meanwhile, another crypto firm, Strategy, which is one of the largest in the Bitcoin space, also made another announcement. $BTC Get. Its founder, former CEO, and current executive chairman, Michael Saylor, issued a statement on the matter on his X page.
Strategy earned 3,015 $BTC Approximately $204.1 million at about $67,700 per Bitcoin. As of March 1, 2026, it has 720,737 people. $BTC It was acquired for approximately $54.77 billion at approximately $75,985 per Bitcoin. $MSTR $STRC https://t.co/rqDIhlUDNx?from=article-links
— Michael Saylor (@saylor) March 2, 2026
According to his announcement, Strategy purchased 3,015 Bitcoins worth approximately $204.1 million, paying approximately $67,000 per coin. This acquisition improved the company’s performance $BTC It holds 720,737 coins and is valued at approximately $54.77 billion.
