BitMine Immersion added $98 million of ether last week as losses balloon to more than $8 billion

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Affected assets and topics

$ETH TOKEN CRYPTO ETH ETHEREUM

Why it matters

BitMine Immersion, a firm led by Tom Lee, continues to buy into the Ethereum market despite its weakness, adding $98 million worth of ether last week and now holding 4.42 million ETH tokens, which is approximately 3.66% of the total supply.

Expected market reaction

Bullish Confidence 90% How confidence is read Horizon: Short term Impact: High

Market impact analysis based on bullish sentiment with 90% confidence.

Evidence trail

Evidence
Source CoinDesk
Claim BitMine Immersion added $98 million of ether last week as losses balloon to more than $8 billion
Affected assets ETH
AI inference Bullish · 90%
Generated 2026-02-23 13:55

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
48907
Timeframe
6h

Prediction lifecycle

  • Llama 3.1 8B Instant (Groq) ETH Bullish 90% 6h
    Generated 6h Excluded

    Excluded: no stored price within tolerance of this prediction's maturity, checked by rescore_expired_predictions

Logged at publication, scored automatically once the window closes — never edited.

Original source

Tom Lee's Ethereum-focused firm continues buying into the crypto market weakness, now 4.42 million ETH tokens, or about 3.66 percent of the total supply.

Read the full article on CoinDesk

Original article published by CoinDesk on February 23, 2026. Analysis and insights provided by AnalystMarkets AI.

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Llama 3.1 8B Instant (Groq) · 33.1% correct across 118 scored calls on crypto See the full record