Bitmine purchased another $52 million in Ether, with Chairman Tom Lee arguing its price is not yet reflecting strengthening fundamentals amid the early stages of a crypto market recovery.

A week after notching its largest purchase of 2026, BitMine was back in the order books, accumulating more Ethereum.

Bitmine adds 26,497 ETH, pushing holdings to 5.42M coins worth $10.85B and nearing 5% of Ethereum's supply.