Bitmine Immersion Technologies, led by chairman Tom Lee, is increasing its Ethereum holdings through multiple large purchases as ETH prices fall. Several outlets report that Bitmine buys “the dip” and continues an aggressive treasury expansion in 2026, adding sizable amounts of ETH over recent weeks. CoinDesk and Cointelegraph say the company’s latest buys include its largest Ethereum purchases so far this year, with figures ranging roughly from 111,942 to 126,971 ETH acquired in the most recent reported week, valued at about $214 million to $237 million depending on the price cited. Decrypt and Yahoo Finance also report additional ETH purchases totaling about $136 million to $139 million in other updates. The Block reports Bitmine adds further ETH, increasing holdings to around 5.62 million ETH (about 4.66% of circulating supply) and references Tom Lee’s comments about an “early stages of crypto spring.” One theme across reports is that Bitmine’s buying continues despite earlier remarks that it might slow purchases, and that the market value of its holdings has moved lower, including references to large paper losses mentioned by some outlets.