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BitMine, the largest holder of Ethereum, took advantage of the recent volatility in the price of the digital asset to expand its holding in Treasuries.
On February 7, blockchain analytics platform Lookonchain reported the deal, citing data from Arkham Intelligence. The company bought about 20,000 AA for a total capital of $41.98 million.
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BitMine Chair defends aggressive buying in crash
It should be noted that this latest push brings the company much closer to its long-term goal of controlling 5% of the total circulating supply of Ethereum. Show data Strategic ETH Reserve achieved more than 70% of this goal with 4.29 million ETH stakes.
Meanwhile, BitMine’s recent purchase of ETH comes in A moment of extreme vulnerability in the market.
Ethereum prices have collapsed by nearly 31% over the past 30 days, trading at around $2,117 as of writing. During the past week, the asset traded as low as $1,824, its lowest level since May 2025.
However, BitMine remains committed to the cryptocurrency token, with company president Tom Lee arguing that “Ethereum is the future of finance.”
So, he rejected me Concerns about the increase in unrealized losses of the company.
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In a recent statement, Lee argued that the current volatility is “an advantage, not a disadvantage.” According to him, Ethereum has faced declines of 60% or less on seven occasions since 2018.
So, despite the complications of the “crypto winter” that have been aggravated by… Nomination of Kevin Worsh to the Federal Reserve Board and geopolitical tensions after the Greenland incident, the underlying use of the Ethereum network remains strong.
Also, BitMine has evolved beyond a simple “buy and hold” strategy.
To ride out this cycle and mitigate the impact of lower spot rates, the company is moving toward what it describes as “accretive acquisitions” and deploying high-risk capital.
This includes “moonshot” assignments declared in small icons as Orbs and investments in media such as Mr Beast.
Also, BitMine continues to profit Its large pool of returns, bets almost 3 million ETH.
These efforts are intended to offset the heavy pressure of a macro environment that has made the risk largely adverse.
