Tom Lee's Bitmine Ratechets Up Ethereum Bet with Another $150 Million Purchase

Ethereum continues to commercialized northbound of $2,000 arsenic President Trump's deadline for a ceasefire with Iran looms.

And yet arsenic volatile arsenic crypto is known to be, Ethereum is holding up good and worthy of accrued allocation, according to Bitmine Chairman Tom Lee.

On Monday, Lee's Ethereum treasury institution announced it bought different $150 cardinal successful ETH, boosting its full holdings to astir 4% of each outstanding tokens.

"Bitmine has maintained the accrued gait of ETH buys successful each of the past 4 weeks, arsenic our basal lawsuit ETH is successful the last stages of the 'mini-crypto winter.' In the past week, we acquired 71,252 ETH which is the highest gait of buys since the week of December 22, 2025," Lee said successful a statement.

In capitalist notes Lee sent retired Monday, helium continued to constituent retired that portion Ethereum is underperforming stocks connected the year, the crypto has held up comparatively good since the Iran struggle began.

“ETH remains the 2nd champion performing plus since the commencement of the war, with a 6.8% summation and outperforming the S&P 500 by 1,130bp. And ETH beating golden by 1,840bp demonstrates ETH is the wartime store of value,” helium said.

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But the fig 1 question facing investors present is reaching a tipping point: Is this warfare ending soon, oregon is it astir to intensify?

President Donald Trump continued pushing for a ceasefire woody earlier a self-imposed Tuesday deadline, portion simultaneously informing successful an interrogation with Axios implicit the weekend, that if a woody doesn’t happen, “I’m blowing up everything implicit there.”

The President continued that menace portion speaking to reporters successful idiosyncratic from the White House connected Monday. “The full state tin beryllium taken retired successful 1 night, and that nighttime mightiness beryllium time night,” helium said, noting that negotiations are ongoing —calling them “a important step.”

Bitmine besides announced its BMNR shares volition uplist to the New York Stock Exchange from NYSE American, opening April 9.

For now, with astir $10 cardinal held successful Ethereum, Bitmine remains the largest Ethereum integer plus treasury institution — and lone trails Bitcoin treasury institution Strategy successful the wide crypto space.

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