---
title: "Bitmine adds 127,000 ether, bringing treasury to 5.54 million ETH as Tom Lee calls crypto selloff 'superficial'"
url: https://thecoingazette.com/bitmine-adds-127000-ether-bringing-treasury-to-5-54-million-eth-as-tom-lee-calls-crypto-selloff-superficial/
date: 2026-06-08
modified: 2026-06-08
lang: en
author: "Coin Gazette Editorial"
description: "Bitmine purchased 126,971 ETH for about $207M, lifting its treasury to 5.54M tokens worth $9B as ether trades nearly 30% below its April highs."
categories:
  - "Crypto News"
tags:
  - "bitmine"
  - "Companies"
  - "crypto"
  - "crypto treasury companies"
  - "ETH"
  - "Markets"
  - "selloff"
  - "tokens"
  - "Tom Lee"
  - "treasury"
word_count: 24
---

# Bitmine adds 127,000 ether, bringing treasury to 5.54 million ETH as Tom Lee calls crypto selloff 'superficial'

Bitmine purchased 126,971 ETH for about $207M, lifting its treasury to 5.54M tokens worth $9B as ether trades nearly 30% below its April highs.