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I think it's a write time to short it
do you agree ?
do you agree ?
ESPUSDT
Perp
25X
Opening Short
Unrealized PNL
-0.09USDT
Bitmine buys $84 million in ETH as Tom Lee calls market pullback 'attractive' entry point: onchain
BitMine Immersion Technologies added $83.6 million worth of ETH on Monday, strengthening its bet on the future of Ethereum.
According to data from Arkham Intelligence, the Ethereum treasury company acquired 20,000 ETH from FalconX at around 12:40 p.m. on Monday. Onchain analytics provider Lookonchain also reported that the company bought another 20,000 ETH from BitGo within a similar timeframe. Ether was trading at roughly $2,090 at the time, shows.
Monday's purchase added to Bitmine's holdings of 4,325,738 ETH ($9.14 billion) recorded at the end of last week. The company reported earlier on Monday that it had purchased 40,613 ETH in the week ended Feb. 8, bringing it to 72% of its target to acquire 5% of Ethereum's circulating supply.
Bitmine has maintained its ether acquisition strategy despite the ongoing market downturn, with ETH currently trading about 57% below its August 2025 all-time high of $4,946. Executive Chairman Tom Lee pointed out that Ethereum's network utility reached record levels despite the price decline.
The company is also staking roughly 67% of its total ETH holdings, which produces $202 million in annualized revenue, according to its Monday statement.
"The best investment opportunities in crypto have presented themselves after declines," Lee said in the statement. "BitMine has been steadily buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."
Last week, Lee addressed concerns regarding the company's large unrealized losses, saying they are an expected part of an Ethereum treasury strategy during market downturns. He added that Bitmine will eventually outperform the market cycle, and reiterated his conviction that Ethereum represents the future of finance.
Bitmine's BMNR closed up 4.79% on Monday at $21.45. It is down 28.64% over the past month.
According to data from Arkham Intelligence, the Ethereum treasury company acquired 20,000 ETH from FalconX at around 12:40 p.m. on Monday. Onchain analytics provider Lookonchain also reported that the company bought another 20,000 ETH from BitGo within a similar timeframe. Ether was trading at roughly $2,090 at the time, shows.
Monday's purchase added to Bitmine's holdings of 4,325,738 ETH ($9.14 billion) recorded at the end of last week. The company reported earlier on Monday that it had purchased 40,613 ETH in the week ended Feb. 8, bringing it to 72% of its target to acquire 5% of Ethereum's circulating supply.
Bitmine has maintained its ether acquisition strategy despite the ongoing market downturn, with ETH currently trading about 57% below its August 2025 all-time high of $4,946. Executive Chairman Tom Lee pointed out that Ethereum's network utility reached record levels despite the price decline.
The company is also staking roughly 67% of its total ETH holdings, which produces $202 million in annualized revenue, according to its Monday statement.
"The best investment opportunities in crypto have presented themselves after declines," Lee said in the statement. "BitMine has been steadily buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance."
Last week, Lee addressed concerns regarding the company's large unrealized losses, saying they are an expected part of an Ethereum treasury strategy during market downturns. He added that Bitmine will eventually outperform the market cycle, and reiterated his conviction that Ethereum represents the future of finance.
Bitmine's BMNR closed up 4.79% on Monday at $21.45. It is down 28.64% over the past month.
is the crash over anybody tell me ?.
Bitcoin is just holding above its long-term support channel.$BTC
Pray for it to hold, or else we are fcked.
Pray for it to hold, or else we are fcked.
check this
B
XRPUSDC
Perp
Closed
PNL
-0.07USDT
✅ *Open Long Signal*
📊 *Coin:* SOL/USDT
⏳ *Entry*: 96 - 93
🎯 *Targets:*
1️⃣ 99
2️⃣ 102
3️⃣ 105
🛑 *Stop Loss (SL)*: 90
⚡ *Leverage*: Cross 25X -
📌 *Note:* Use proper risk management – don’t over-leverage
📊 *Coin:* SOL/USDT
⏳ *Entry*: 96 - 93
🎯 *Targets:*
1️⃣ 99
2️⃣ 102
3️⃣ 105
🛑 *Stop Loss (SL)*: 90
⚡ *Leverage*: Cross 25X -
📌 *Note:* Use proper risk management – don’t over-leverage
yes
#红包
#红包大派送
#BTC突破7万大关
Li Qian sprints for 30K, continuing the big giveaway
Dividing $1888 $BTC
A dimpled smile bathes in spring sunshine, a gentle bloom unfolds fragrance.
Invite the whole network to follow Li Qian hand in hand, gather strength and unite hearts to help sprint for 30K! Take love as wings, support as the foundation. All supporters can join the 1888 USD BTC sharing feast, reward every company with benefits, march to prosperity and share the fruits!
#红包大派送
#BTC突破7万大关
Li Qian sprints for 30K, continuing the big giveaway
Dividing $1888 $BTC
A dimpled smile bathes in spring sunshine, a gentle bloom unfolds fragrance.
Invite the whole network to follow Li Qian hand in hand, gather strength and unite hearts to help sprint for 30K! Take love as wings, support as the foundation. All supporters can join the 1888 USD BTC sharing feast, reward every company with benefits, march to prosperity and share the fruits!
🚨 Breaking News
Today at 08:00 PM, JOLTS Job Openings data has not been released yet due to the US Government Shutdown.#USGovernment #shutdown $BNB
Today at 08:00 PM, JOLTS Job Openings data has not been released yet due to the US Government Shutdown.#USGovernment #shutdown $BNB
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