BitMine increased the position by nearly 70,000 Ethereum, with the account unrealized losses expanding to $4.25 billion! Tom Lee: The cost performance of buying the dip is extremely high right now.

Global largest Ethereum treasury company BitMine announced that it has once again significantly increased its position in the past week, spending 69,822 ETH. However, its account currently shows unrealized losses amounting to 4.25 billion dollars. (Background: BitMine increased its position by 54,000 Ethereum, and the account's unrealized losses expanded to 3 billion dollars! Tom Lee stated: This bull run has not yet peaked) (Additional background: BitMine released its 2025 financial report: a net profit of 328 million dollars for the year, an annual dividend of 0.01 dollars, and plans to launch an Ethereum staking platform MAVAN in Q1 next year) Global largest Ethereum treasury company BitMine Immersion Technologies (BMNR) issued a statement on the evening of November 24, announcing that it has once again significantly increased its position in the past week, spending 69,822 ETH. BitMine pointed out that this increase in position has officially breached BitMine's Ethereum holdings to 3,629,701 ETH, accounting for 3% of the total circulating supply of Ethereum in the network, and has completed two-thirds of its long-term publicly stated goal of “5% alchemy” (i.e., holding 5% of the total amount of Ethereum). Tom Lee: Ethereum dropped to a low of 2,500 dollars BitMine further stated that its total asset scale (Crypto Assets + cash + high-risk investments) has reached 11.2 billion dollars, with the specific composition as follows: 3,629,701 ETH; 192 Bitcoins; investment in Eightco Holdings (ORBS) of 38 million dollars (internally referred to as the “moon landing plan”); and 800 million dollars in cash without any collateral restrictions. Regarding this increase in position and the future market of Ethereum, BitMine Chairman Tom Lee remains optimistic, stating in the announcement: BitMine now holds 3% of the circulating supply of Ethereum. Last week, BitMine acquired 69,822 ETH tokens. The U.S. validator network (MAVAN) will also become a “first-class solution”, providing secure staking infrastructure, and is scheduled for deployment in early 2026. In the past week, cryptocurrency prices have continued to decline, reflecting the impaired market liquidity since the big dump on October 10, and the technical analysis shows a weak state of prices. A few weeks ago, we pointed out that the pullback risk for ETH price was around 2,500 dollars, and the current ETH price has basically reached that level. This indicates that the risk/reward has become asymmetric, with only 5% to 7% of further downside space, and once an upward trend begins, it will be an unprecedented super cycle for Ethereum. Further reading: BitMine released its 2025 financial report: a net profit of 328 million dollars for the year, an annual dividend of 0.01 dollars, and plans to launch an Ethereum staking platform MAVAN BitMine unrealized losses of 4.25 billion dollars However, despite BitMine continuing to increase its position, on the same day, on-chain data analysis firm Lookonchain pointed out that after this increase in Ethereum, BitMine's total holdings exceeded 3.62 million ETH, but the average purchase price per Ethereum is still as high as 3,997 dollars, and with ETH constantly dipping, it has once again expanded its account's unrealized losses to 4.25 billion dollars. Tom Lee(@fundstrat)'s #Bitmine bought 69,822 $ETH($197.25M) last week and currently holds 3,629,701 $ETH($10.25B). The average buying price is ~$3,997 and #Bitmine is sitting on an unrealized loss of $4.25B.https://t.co/Gw7A8KXKPw pic.twitter.com/TMvDPsroUt — Lookonchain (@lookonchain) November 24, 2025 BMNR rebounds 12% However, it is noteworthy that BitMine welcomed a rebound after the U.S. stock market opened on November 24, Taiwan time, briefly surging to 29 dollars. The intraday increase reached 12%, and the market capitalization also rebounded to 7.4 billion dollars. Related reports Bitmine struggles with 1.3 billion dollars in unrealized losses, will Tom Lee's Ethereum gamble collapse? BitMine buys the dip with 128,000 ETH! Tom Lee insists on being bullish: the pullback is a healthy washout, and the market has not undergone structural changes Palantir founder Peter Thiel acquires 9.1% stake in BitMine mining company, optimistic about betting on Ethereum <BitMine increased its position by nearly 70,000 Ethereum, and its account's unrealized losses expanded to 4.25 billion dollars! Tom Lee: The cost-effectiveness of buying the dip is extremely high> This article was first published in Dongqu BlockTempo “Dongqu Dongqu - The Most Influential Blockchain News Media.”