Haciyev Reşit 
Pullbacks in the cryptocurrency markets are increasing—rather than dampening—institutional investor appetite. Ethereum treasury company Bitmine attracted attention by purchasing approximately $84 million worth of Ethereum (ETH) after describing the market downturn as an “attractive entry point.” The company’s aggressive buying strategy highlights continued institutional confidence in Ethereum’s long-term potential.
Purchase of 40,000 ETH
According to data from on-chain analytics platform Arkham Intelligence, Bitmine purchased 20,000 ETH from FalconX on Monday. During the same period, on-chain tracking service Lookonchain reported that the company acquired an additional 20,000 ETH via BitGo. With these transactions, Bitmine added a total of 40,000 ETH to its treasury in a single day, clearly demonstrating its strong institutional-scale buying appetite.
Following these latest purchases, Bitmine’s total Ethereum holdings exceeded 4.3 million ETH. According to the company’s most recent official statement, this amount corresponds to a value of over $9 billion at current market prices. Bitmine also announced that it has reached 72% of its long-term goal to acquire 5% of Ethereum’s circulating supply, marking a significant milestone in its aggressive yet gradual treasury strategy.
Bitmine’s purchases come at a time when Ethereum is still trading roughly 57% below its all-time high of $4,946, reached in August 2025. Despite this, the company continues to view the current pullback not as a short-term risk, but as a strategic opportunity for long-term accumulation. CEO Tom Lee emphasized that despite price weakness, Ethereum’s network infrastructure has reached record levels of usage and activity, noting a divergence between on-chain fundamentals and price performance. According to Lee, this suggests that the market has yet to fully price in Ethereum’s long-term potential, while current levels offer attractive entry points for institutional investors.
Staking Income and Long-Term Perspective
Bitmine stated that approximately 67% of its total ETH holdings are staked, generating around $202 million in annual revenue. This highlights that the company’s treasury strategy is focused not only on price appreciation but also on Ethereum’s yield-generating structure.
Commenting on the strategy, Tom Lee said:
“The best crypto investment opportunities often emerge after sharp sell-offs. At Bitmine, we view this pullback as an attractive entry point given the strong fundamentals. From our perspective, ETH’s price does not yet fully reflect Ethereum’s high utility and its role in the future of finance.”
Lee also noted that the company’s significant unrealized losses are an expected and temporary part of its Ethereum treasury strategy during periods of market stagnation.
Assessment
Bitmine’s $84 million Ethereum purchase once again demonstrates that institutional players see market downturns as strategic opportunities rather than risks. As confidence in Ethereum’s network fundamentals and long-term role remains strong, Bitmine’s aggressive accumulation policy positions the company as one of the largest institutional ETH holders. Regardless of the direction of the next market cycle, such moves are expected to continue supporting Ethereum’s institutional adoption.
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