Ethereum Hits 2-Week Low—And Tom Lee's BitMine Just Added to Its $8.4 Billion Stash
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by Logan HitchcockFebruary 23, 2026
AI-Generated Deep Dive Summary
Ethereum prices dropped to a two-week low as BitMine Immersion Technologies, a publicly traded Ethereum treasury firm, continued its aggressive accumulation strategy. The company added over 51,000 ETH last week, valued at approximately $98 million, bringing its total holdings to over 4.4 million ETH worth around $8.4 billion. However, this significant accumulation has resulted in unrealized losses of more than $8.1 billion, according to DropsTab data. Despite these losses, BitMine remains committed to
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Originally published on Decrypt on 2/23/2026