{"id":43791,"date":"2026-05-17T20:00:48","date_gmt":"2026-05-17T20:00:48","guid":{"rendered":"https:\/\/cryptd.in\/bitmine-buys-another-197-million-in-ethereum-as-tom-lees-5-eth-strategy-presses-on\/"},"modified":"2026-05-17T20:00:48","modified_gmt":"2026-05-17T20:00:48","slug":"bitmine-buys-another-197-million-in-ethereum-as-tom-lees-5-eth-strategy-presses-on","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ru\/bitmine-buys-another-197-million-in-ethereum-as-tom-lees-5-eth-strategy-presses-on\/","title":{"rendered":"BitMine Buys Another $197 Million In Ethereum As Tom Lee\u2019s 5% ETH Strategy Presses On"},"content":{"rendered":"<p>On-chain data is pointing to another interesting accumulation move <a href=\"https:\/\/www.newsbtc.com\/news\/tom-lee-200k-bitcoin-target-crucial-support\/\">by Tom Lee\u2019s<\/a> BitMine Immersion Technologies, with a whale tracker flagging a $197.64 million Ethereum purchase routed through four newly created wallets.<\/p>\n<p>The latest Ethereum buy has come during<a href=\"https:\/\/www.newsbtc.com\/news\/ethereum\/ethereum-triangle-breakdown\/\"> a period of weakness, <\/a>which has seen the Ethereum price losing $2,300, and $2,100 is now in focus.<\/p>\n<h2><b>BitMine Adds 89,026 ETH As Treasury Accumulation Continues<\/b><\/h2>\n<p>On-chain analytics firm Lookonchain flagged a series of transactions suggesting that BitMine, the cryptocurrency mining and treasury firm chaired by prominent investor Tom Lee, may have quietly acquired an additional 89,026 ETH valued at approximately $197.64 million at current market prices. <a href=\"https:\/\/x.com\/lookonchain\/status\/2055444486227140660?s=20\" rel=\"nofollow\">According to Lookonchain<\/a>, the funds were routed through four newly created wallet addresses, which received the ETH from major exchanges Kraken and FalconX.<\/p>\n<p>Lookonchain noted that the wallets were created shortly before the transfers. The image shared with the transaction data shows a 25,000 ETH transfer from Kraken worth about $55.67 million, three separate 15,000 ETH transfers from FalconX worth about $33.3 million each, and another Kraken transfer of about 19,026 ETH worth $42.28 million.<\/p>\n<p>BitMine had slowed its ether purchases in the week ending May 11, buying 26,659 ETH worth approximately $63 million, about a quarter of its recent average weekly pace. Chairman Tom Lee said the firm <a href=\"https:\/\/www.newsbtc.com\/news\/bitmine-ethereum-holdings-4-supply-milestone\/\">was moderating its buying<\/a> as it approached its long-term goal of owning 5% of Ethereum\u2019s total supply.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"aligncenter size-full wp-image-896650\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/a.jpg_6c7684.png?resize=1024%2C317\" alt=\"\" width=\"1024\" height=\"317\" loading=\"lazy\" \/><\/p>\n<p>The company has spent the past year building one of the most interesting Ethereum treasury strategies. In its May 11 update, <a href=\"https:\/\/www.newsbtc.com\/news\/ethereum\/bitmine-eth-holdings-cross-5-2-million-ceo-announces-new-phase-for-crypto-markets\/\">BitMine said it held<\/a> 5,206,790 ETH, alongside 201 BTC, $775 million in cash, and other holdings.\u00a0<\/p>\n<p><img decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/DKetzNOW\/\" width=\"1814\" height=\"921\" loading=\"lazy\" \/><\/p>\n<p>BitMine also revealed that about 4.71 million ETH of its<a href=\"https:\/\/bitcoinist.com\/bitmine-just-staked-another-260m-ethereum-endgame\/\" rel=\"nofollow\"> holdings were staked,<\/a> worth about $11.1 billion. Interestingly, the staking has so far been profitable, with the company also noting its annualized staking revenues have reached $319 million and a 7-day annualized yield of 2.86% from its own staking operations.<\/p>\n<h2><b>An Ethereum OG Buys The Dip<\/b><\/h2>\n<p>BitMine is not the only significant player quietly accumulating. On-chain data tracked by Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/2055648023959711988?s=20\" rel=\"nofollow\">reveals that a l<\/a>ong-tenured Ethereum early adopter, known as an OG in the community, has returned to the market amid the recent price weakness.<\/p>\n<p>According to Lookonchain, this wallet received 11,005 ETH from ShapeShift a decade ago at an entry price of just $3.46 per token. Over a year ago, those holdings were sold for 30.56 million USDC at $2,777, realizing a profit of $30.5 million and an 803x return on the original position.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As the market drops, an <a href=\"https:\/\/twitter.com\/hashtag\/EthereumOG?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#EthereumOG<\/a> who made $30.5M(803x return) is buying the dip on <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a>!<\/p>\n<p>10 years ago, this OG received 11,005 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> from ShapeShift at just $3.46 each.<\/p>\n<p>Over a year ago, he sold them for 30.56M <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$USDC<\/a> at $2,777, making $30.5M in profit \u2013 an 803x return.<\/p>\n<p>Today,\u2026 <a href=\"https:\/\/t.co\/4N2o9qNpvd\" rel=\"nofollow\">pic.twitter.com\/4N2o9qNpvd<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/2055648023959711988?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 16, 2026<\/a><\/p>\n<\/blockquote>\n<p>Now, with ETH prices declining, the same wallet has re-entered the market, deploying 4.26 million USDC to purchase 1,951 ETH at approximately $2,182 per token. Interestingly, Lookonchain noted that the wallet may continue buying.<\/p>\n<p>At the time of writing, Ethereum is trading at $2,180.<\/p>\n<p><em>\u0418\u0437\u043e\u0431\u0440\u0430\u0436\u0435\u043d\u0438\u0435 \u0441 \u0441\u0430\u0439\u0442\u0430 Pexels, \u0433\u0440\u0430\u0444\u0438\u043a \u0441 \u0441\u0430\u0439\u0442\u0430 TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>On-chain data is pointing to another interesting accumulation move by Tom Lee\u2019s BitMine Immersion Technologies, with a whale tracker flagging a $197.64 million Ethereum purchase routed through four newly created wallets. The latest Ethereum buy has come during a period of weakness, which has seen the Ethereum price losing $2,300, and $2,100 is now in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[37],"class_list":["post-43791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BitMine Buys Another $197 Million In Ethereum As Tom Lee\u2019s 5% ETH Strategy Presses On - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ru\/bitmine-buys-another-197-million-in-ethereum-as-tom-lees-5-eth-strategy-presses-on\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMine Buys Another $197 Million In Ethereum As Tom Lee\u2019s 5% ETH Strategy Presses On - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"On-chain data is pointing to another interesting accumulation move by Tom Lee\u2019s BitMine Immersion Technologies, with a whale tracker flagging a $197.64 million Ethereum purchase routed through four newly created wallets. 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