Arkham Research, that group of detectives that trudges through the murky nonsense of crypto, has flung a lid on the latest escapade of Bitmine. The head honcho, Tom Lee, a modern day scholar‑in‑search‑of‑forever‑profit, has snatched yet another gigantic bundle of Ethereum, as if he were a giant goblin latching onto a shimmering piece of gold.
Despite the fact that the shimmering coins are a shadowy shell of a billion dollars’ worth un‑realized loss, the badge of honour still gleams bright for Bitmine.
Bitmine buys a staggering 102 MILLION euros in ETH
In last week’s whirlwind adventure, the company’s vault – usually socked in 8.97 billion dollars worth of ETH – grew by a cool 102.05 million dollars of freshly minted grub. Three and a half percentage points of the wilds of Ethereum supply is what the crowdfunding of the night now holds – a bit more than 3.7 percent of all they’ve got. Tom Lee quips that the ice age of crypto is about to shiver and slip, and the time is now – or it would never be – to gulp that delicious brew of digital gold.
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The vault, sturdy as a knight’s armour, has been staking 67 percent – a sum slightly over 6 billion dollars in value – and yet, a shadow of a 7 billion dollar loss still hangs like an unshrinking cloud. Bitmine jaunts forward, determined to keep that bet on Ethereum simmering.
Tom Lee’s Bitmine bought another $102.05M of ETH in the past week. They now hold a total of $8.97B of ETH, which is over 3.7% of the total ETH supply.
Bitmine has staked over 67% of their ETH holdings, currently worth $6.09B. Despite this, Tom Lee’s Bitmine is at an unrealized…
– Arkham (@arkham) March 3, 2026
Ethereum briefly tap‑taps the $2,000 mark
In a short dramatic finale, Ethereum – the second most popular coin after shrieking chaos – has crept and ricocheted-like a mischievous sneezeless cat between the trap of $1,840 support and the $2,000 fence. Earlier today, ETH once again tried to breach that fence, leaping 8 percent on Monday, only to fall back to a lopsided 1,956, as whales – those gigantic, gentle giants of the sea – quietly squabbled in the background for larger shares of the giggle of price.
Strategy buys more Bitcoin
In a parallel plot, a different crypto treasury firm known as Strategy – the biggest in the Bitcoin realm – publicly proclaims its squalling acquisition of weighty BTC. The former CEO and current chairman, a man named Michael Saylor, over his X‑pedial surface, tootles: that the greatest of all good things has arrived.
Strategy has acquired 3,015 BTC for ~$204.1 million at ~$67,700 per bitcoin. As of 3/1/2026, we hodl 720,737 $BTC acquired for ~$54.77 billion at ~$75,985 per bitcoin. $MSTR $STRC
– Michael Saylor (@saylor) March 2, 2026
With a bravo gesture, Strategy added 3,015 BTC to its trove, tipped at roughly $204.1 million, and now proudly marches on with 720,737 pieces of money‑penny, a staggering conclusion for a heights of treasure intangible – well, maybe it’s not intangible, but certainly is magical!
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2026-03-03 14:39