Tom Lee's BitMine Purchases Additional ¥6.6 Billion Worth of Ethereum

2026/02/09 17:13 (Updated 2026/02/10 07:01)

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Written by Enzo

Tom Lee's BitMine Purchases Additional ¥6.6 Billion Worth of Ethereum

Continues to Buy More Despite Market Downturn

On the 8th, it was revealed that BitMine, a financial company dealing in the cryptocurrency Ethereum (ETH) led by Tom Lee, has purchased approximately 20,000 ETH (worth about $41.98 million, equivalent to ¥6.6 billion). The purchase was reported by blockchain analysis platform LookOnChain, citing data from Arkham Intelligence. This acquisition occurred amidst fluctuating Ethereum prices, which have dropped by about 25-30% over the past week, reaching a several-month low. Tom Lee defends the current market fluctuations as 'not a bug but a feature.' He states, 'Ethereum is the future of finance,'...

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Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30