🚨 BitMine Scoops Up $110M in Ethereum

🐋 BitMine strikes again

By Assemble Protocol
Jan 22, 2026, 2:13 PM
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Tom Lee's BitMine has purchased 35,628 ETH for $110 million, marking another significant institutional accumulation of Ethereum.​

Key Details:

  • Purchase price: approximately $3,087 per ETH
  • This follows a previous acquisition of 28,625 ETH for $82.​11M in November 2025
  • The move comes as ETH staking reaches an all-time high of nearly 30% of total supply

Context: BitMine's continued accumulation pattern suggests sustained institutional confidence in Ethereum.​ The timing aligns with record staking participation, which reduces circulating supply and can impact price dynamics.​

The firm has now acquired over 64,000 ETH in recent months, demonstrating a consistent accumulation strategy during this period.​

Sources
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