#BitMineAcquires20,000ETH 1. The Latest Acquisition
On February 3, 2026, BitMine Immersion Technologies (NYSE: BMNR), the largest public Ethereum treasury firm chaired by Tom Lee (Fundstrat), acquired 20,000 ETH via FalconX, a leading institutional OTC desk.
Transaction Value: ~$46.04 million (ETH ~$2,300 at execution).
Context: This follows a series of aggressive weekly purchases, including 41,788 ETH (~$96–108M) the previous week, cumulatively exceeding $150M+ in ETH buys within days.
Insight: BitMine continues its "dip-buying" strategy, aggressively adding ETH to grow its treasury while ta