Lookonchain said on June 10, 2026, that Bitmine acquired another $41M worth of ETH. The post framed the movement as a fresh Ethereum accumulation by Bitmine, based on tracked wallet activity rather than a formal company disclosure.
Tom Lee(@fundstrat)'s #Bitmine bought another 25,000 $ETH($41.09M) from #BitGo 8 hours ago.
Bitmine has bought a total of 125,000 $ETH($206M) in the past 3 days.https://t.co/A2LBSEd8ED pic.twitter.com/WOPNVYrGa7
— Lookonchain (@lookonchain) June 10, 2026
The update affects traders watching corporate-style ETH treasury demand while the market remains volatile. A $41M addition would make Bitmine’s Ethereum exposure a larger balance-sheet signal, but the post does not by itself confirm custody structure, average price or treasury policy.
The next point to watch is whether Bitmine confirms the purchase through official channels or further on-chain activity appears. For now, the transaction remains an on-chain accumulation signal, not a completed public treasury update.
Source: Lookonchain official X account.
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