Tom Lee's BitMine Adds $43 Million in Ethereum as Strategy Halts Bitcoin Buys
Key takeaways
- The firm now holds more than 5.7 million ETH, valued around $9 billion.
- (Disclaimer: Lee is an investor in Decrypt parent company, Dastan).
- Ethlabs, a new nonprofit research and development lab dedicated to championing the future of the Ethereum network and its native asset, is financially backed by BitMine and competing treasury firm Sharplink.
Tom Lee's Bit Mine Adds $43 Million in Ethereum as Strategy Halts Bitcoin Buys Tom Lee's Bit Mine Adds $43 Million in Ethereum as Strategy Halts Bitcoin Buys · decrypt Logan Hitchcock Mon, June 29, 2026 at 10:13 PM GMT+7 2 min read BTC-USD BMNR ETH-USD MSTR SBET Leading Ethereum treasury firm Bit Mine Immersion Technologies stayed consistent in the face of declining crypto prices last week, adding nearly $43 million in ETH to its stash even while top Bitcoin treasury company Strategy opted against accumulating BTC.
The firm now holds more than 5.7 million ETH, valued around $9 billion. It also holds around 206 Bitcoin, worth $12.3 million.
"This past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins," said BitMine Chairman Tom Lee in a statement. (Disclaimer: Lee is an investor in Decrypt parent company, Dastan).