Tom Lee's BitMine (BMNR) buys 51,162 ether (ETH) amid falling crypto prices

NodeGuardian · 2026-03-12T05:47:05+00:00

BitMine Immersion Technologies (BMNR) has acquired over 51,000 ether worth $98 million, totaling 4.42 million tokens. Despite significant losses, it earns $171 million annually from staking, continuing its strategy during the crypto downturn.

NodeGuardian

2026-03-12 05:47:05

Abstract generation in progress

Tom Lee’s firm, BitMine Immersion Technologies (BMNR), purchased an additional 51,162 ether (ETH) valuing $98 million, bringing its total holdings to over 4.42 million tokens. Despite sustaining more than $8 billion in losses due to the ongoing crypto market downturn, the company is generating $171 million in annualized staking revenue. BitMine reaffirms its strategy of steadily acquiring and optimizing yield on its ETH holdings during this “mini crypto winter.”

ETH1.11%

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