Tom Lee’s BitMine Records Largest Ethereum (ETH) Buyout in 2026!

Jakarta, Pintu News – Tom Lee-led BitMine Immersion Technologies has just made the largest purchase of Ethereum (ETH) in 2026 so far for approximately US$116 million, adding tens of thousands of coins to its institutional crypto treasury. The move is one of the most striking corporate actions in the digital asset market so far this year.

Biggest ETH Acquisition of the Year

BitMine acquired approximately 40,302 ETH in its latest purchase, making it the largest transaction by number of coins and dollar value in 2026 to date. The purchase was made over several market sessions last week and demonstrates the company’s aggressive accumulation strategy towards Ethereum.

The total amount of Ethereum that BitMine now holds exceeds 4.2 million ETH, or more than 3.5 percent of the entire circulating supply. When converted to the current ETH price, this portfolio has an approximate value of over US$12.2 billion, making it one of the largest institutional holders of ETH.

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The Long-term Strategy Behind the Purchase

According to Tom Lee, this large accumulation reflects his belief that Ethereum remains the premier blockchain platform, mainly due to its adoption of real-world asset tokenization and advancements in Web3 technology. While cryptocurrencies like Bitcoin (BTC) often take center stage, Lee sees ETH as a central component in the digital financial infrastructure of the future.

The company also increased the amount of ETH staked-more than 2 million ETH is now locked up to support the Ethereum network and generate staking rewards. This demonstrates BitMine’s dual approach to not only accumulate ETH but also contribute to the security of the network while earning yield.

Impact on Ethereum and Crypto Markets

A large accumulation by a public institution like BitMine could signal to the market that there is institutional confidence in Ethereum’s long-term prospects. However, the price of ETH itself is still subject to fluctuations-it is evident that BitMine’s stock performance and the crypto market price do not always align with major acquisitions.

For crypto investors, BitMine’s move could be seen as an indication that large digital assets like ETH are increasingly becoming part of institutional strategies at times. However, as with all major announcements, short-term market reactions are not always linear and are influenced by macro factors and global sentiment.

What it Means for ETH Investors

The large accumulation by BitMine suggests that institutional demand for Ethereum remains strong, which could impact the perception of long-term demand for ETH. For long-term investors, this news could reinforce the narrative that ETH is being adopted not just by retail traders but also large financial business entities.

However, investment decisions should still take into account the volatility of the cryptocurrency market in general and the inherent risks involved. Ethereum’s price movements can be affected by many things, including regulation, market sentiment, and global technical dynamics.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Logan Hitchcock/Decrypt. Tom Lee’s BitMine Makes Biggest Ethereum Buy Yet in 2026. Accessed January 26, 2026.