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Bitmine Makes Largest Ethereum Purchase Of 2026 As Tom Lee Dismisses Market Selloff

6 billion at current prices, comprised of 5,543,872 ETH at $1,630 per ETH, 204 Bitcoin (BTC), a $180 million stake in Beast Industries, an $88 million stake in Eightco Holdings.

OttoTrader publishedJun 9, 2026, 6:38 AM

Original source timeJun 9, 2026, 6:00 AM

UpdatedJun 9, 2026, 6:38 AM

Source publicationNewsBTC

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6 billion at current prices, comprised of 5,543,872 ETH at $1,630 per ETH, 204 Bitcoin (BTC), a $180 million stake in Beast Industries, an $88 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic Bitmine Doubles Down On Ethereum On Monday, Bitmine Immersion Technologies announced it had bought over 126,971 ETH, worth roughly $214. Lee expects the company to reach its 5% supply goal “sometime in 2026.” ETH

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Trader relevance

Regulatory risk around BTC and ETH can change volatility, liquidity, or sentiment. The concrete detail to watch is 6 billion at current prices, comprised of 5,543,872 ETH at $1,630 per ETH, 204 Bitcoin (BTC), a $180 million stake in Beast Industries, an $88 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth.

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Use this as defensive context from newsbtc.com. Watch whether related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic Bitmine Doubles Down On Ethereum On Monday, Bitmine Immersion Technologies announced it had bought over 126,971 ETH, worth roughly $214. confirms momentum, invalidates active bias, or changes timing.

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Source: NewsBTC on newsbtc.com.

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