BitMine Capitalized on Year-End Tax-Loss Selling With $98M ETH Buy
BitMine purchased $97.6 million in Ether amid year-end tax-loss selling, according to Tom Lee.Summary
Ethereum treasury company BitMine Immersion Technologies acquired $97.6 million worth of Ether (32,938 ETH) as the crypto market experienced compression near the end of 2025. This buying spree, orchestrated by Tom Lee of Fundstrat, capitalizes on year-end tax-loss selling in the US, which typically depresses prices between December 26th and 30th. Lee noted that institutional breaks during Christmas also contribute to market dynamics dominated by bots. Despite the slump, BitMine has aggressively accumulated over 77,400 ETH since the previous Monday, maintaining a strategy of buying large volumes weekly and staking existing holdings for passive returns. The company's total holdings now stand at 4.07 million ETH, valued at $12 billion.
(Source：Cointelegraph)