Tom Lee’s Bitmine Buys 10,000 ETH From Ethereum Foundation; BMNR Stock Climbs
Highlights
- Bitmine has acquired another 10,000 ETH from Ethereum Foundation at an average price of $2,387.
- This marks the second purchase from the Ethereum Foundation in as many weeks.
- The BMNR stock is up almost 3% today.
Tom Lee’s Bitmine has added more ETH to its treasury, acquiring 10,000 ETH from the Ethereum Foundation. The BMNR stock has notably climbed amid the Ethereum treasury firm’s purchase, as it edges closer to its goal of holding 5% of the total ETH supply.
Bitmine Buys 10,000 ETH From Ethereum Foundation
In an X post, the Ethereum Foundation revealed that it sold 10,000 ETH to Bitmine at an average price of $2,292 through an over-the-counter (OTC) transaction. The Ethereum Foundation stated that the sale will fund their core operations and activities, including protocol R&D, ecosystem development, and community grant funding.
This marks the second sale to the Ethereum treasury firm in as many weeks. As CoinGape reported, Bitmine acquired 10,000 ETH from the Ethereum Foundation last week, in addition to the 101,901 ETH it bought that week, its largest weekly purchase since December 2025.
The Ethereum treasury firm continues to double down on its ETH accumulation, with Tom Lee predicting that the mini crypto winter could end soon. With the latest purchase, the company now holds 5,088,386 ETH, which represents over 4.2% of the total ETH supply.
Bitmine continues to edge closer to its goal of holding 5% of the total Ethereum supply. The company is currently sitting on an unrealized loss of almost $6.4 billion on its ETH holdings, which it bought at an average price of $3,600.
BMNR Stock Rises Over 2%
The BMNR stock has climbed over 2% amid Bitmine’s purchase of 10,000 ETH from the Ethereum Foundation. The crypto stock is currently trading at around $22, rising from an intraday low of around $21.
However, the stock is down over 2% in the last five days as the U.S.-Iran war continues to pressure the crypto market. The stock is also down almost 22% year-to-date (YTD), mirroring ETH’s performance.
Meanwhile, Bitmine has also continued to double down on its staking endeavors amid the market downtrend. On-chain analytics platform Lookonchain revealed yesterday that the firm staked another 162,088 ETH, worth $366 million. The Ethereum treasury firm has now staked almost 4.2 million ETH, worth $9.48 billion, representing 82.59% of their holdings.
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