Tom Lee buys 40,613 ETH, Bitmine now controls 3.58% of Ethereum supply?

Jakarta, Pintu News – Tom Lee, through his company Bitmine Immersion, has increased his Ethereum (ETH) holdings despite the market correction. In the latest disclosure, Bitmine announced the purchase of 40,613 ETH when the price of ETH had dropped to around US$2,025, a drop of about 4% in 24 hours and 12% in a week.

In total, Bitmine’s portfolio of crypto, cash, and investment “moonshots” now stands at around US$10 billion, amid the price pressure that has hit most cryptocurrency assets and related stocks.

Bitmine buys ETH and controls 3.58% of Ethereum supply

In its latest report, Bitmine revealed that it bought 40,613 ETH over the past week when the price of Ethereum (ETH) briefly broke below US$2,000. Bitmine’s chairman, Tom Lee, called this correction an opportunity as he sees Ethereum’s fundamentals strengthening, while the price has yet to reflect the full utility of the network. This position is in line with Lee’s long-term view that sees ETH as the core infrastructure of the crypto ecosystem.

In total, Bitmine now holds 4,325,738 ETH at a reference value of US$2,125 per coin, plus 193 Bitcoin (BTC). In addition to crypto assets, the company also has a US$200 million stake in Beast Industries and US$19 million in Eightco Holdings, as well as approximately US$595 million in cash. With these holdings, Bitmine controls around 3.58% of Ethereum’s total supply of 120.7 million ETH, making it one of the largest ETH treasury holders in the world.

Read also: Bernstein: “Bear Market Just a Disruption, Bitcoin Aimed to Break $150,000 in 2026!”

Staking Strategy and Projected Returns

Bitmine reported that as of February 8, 2026, it had staked 2,897,459 ETH, worth approximately US$6.2 billion based on a reference price of US$2,125. Lee estimates that potential staking revenue could reach US$374 million per year if all ETH is successfully staked through the MAVAN (Made in America Validator Network) partnership network, assuming a CESR of around 3.115%. Currently, the realized annual staking revenue is estimated to be around US$202 million, up 7% in a week.

Lee also mentioned that Bitmine’s internal staking operations generate a seven-day annualized return of around 3.3234%. The company is preparing to launch MAVAN in early 2026 in collaboration with three staking providers, with the ambition of strengthening its position as the largest Ethereum treasury and the second largest crypto treasury holder in the world, behind Bitcoin-focused Strategy Inc. Meanwhile, Bitmine (BMNR) shares actually edged down by around 1% to US$20.26, reflecting the still fragile equity market sentiment regarding crypto.

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Contrast with Ethereum’s Whale Sell-off

While Bitmine is adding ETH, some whales are taking the opposite approach. Lookonchain data shows that an entity called TrendResearch has completed a massive sell-off by depositing 651,757 ETH worth approximately US$1.34 billion on Binance. The sale was done at an average price of around US$2,055 and is estimated to lock in a loss of nearly US$747 million, signaling the capitulation of some big players.

In addition, a wallet associated with the Infini exploit is active again after a long period of inactivity. The wallet used approximately US$13.32 million DAI to purchase 6,316 ETH at US$2,109, and then transferred 15,470 ETH (approximately US$32.6 million) to Tornado Cash. Similar activity from the same wallet has been recorded since 2025, including the purchase of tens of thousands of ETH after stealing 49.5 million USDC. This pattern adds a layer of complexity to ETH inflows and outflows amid market volatility.

Conclusion

Bitmine Immersion’s move to add Ethereum and intensify its staking strategy amidst the price correction shows a sharp contrast with some whales who have been offloading holdings.

On the one hand, companies like Bitmine and Strategy Inc are reinforcing the role of institutional treasury in the Ethereum and Bitcoin ecosystems; on the other hand, aggressive sell-offs and suspicious fund movements confirm that the market is still in a deep risk-adjustment phase.

For investors, this combination of long-term institutional accumulation and short-term selling pressure makes ETH one of the key assets to monitor in the ever-changing cryptocurrency landscape.

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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

• CoinGape. Breaking: Tom Lee’s BitMine Adds 40,613 ETH, Now Owns 3.58% Of Ethereum Supply. Accessed February 10, 2026.
• Featured Image: CNBC