More people are buying ETH

[Rayyyking]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

[_act_]

Why not give us a link about it?

If more people are buying ethereum, why is the price falling? Ether was $3400 in January of this year, but now it has fallen down to $2020 in just 6 to 7 days in February.

So is this time the right time to be having this kind of discussion? I do not think so. All I can see for now is that people are selling than buying and more people are selling than buying.

[dansus021]

Why not give us a link about it?

is not more people are buying ETH but yes Bitmine is currently holding " Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.285 Million Tokens, and Total Crypto and Total Cash Holdings of $10.7 Billion" https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-285-million-tokens-and-total-crypto-and-total-cash-holdings-of-10-7-billion-302676048.html

'A feature, not a bug': BitMine chair Tom Lee pushes back on claims unrealized ETH treasury losses will cap prices https://www.theblock.co/post/388411/a-feature-not-a-bug-bitmine-chair-tom-lee-pushes-back-on-claims-unrealized-eth-treasury-losses-will-cap-prices


But hey I do agree with you yesterday when bitcoin hit rock bottom of 59K ETH also bottoming and En realidad Ethereum cant make history high welll they make it but only an inch adn then go back down till this date

I dont know what is wrong with ETH when ton of company buying it and it seems just go away I mean if we take a look of BNB or TROn they made significane gain

[bettercrypto]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Can you provide a source link for what you’re saying, OP? As for your question, the crypto community knows there are plenty of Ethereum believers these days
I’m sure you’re aware of that too, right?

And about Tom Lee, wasn't he the one who predicted Bitcoin would hit $180,000 by January 31? But the exact opposite happened;
instead of going up, it crashed hard. Am I right about that?

[AVE5]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Hey yo I was much anticipating to be well detailed about this information. First no source of information unlike some others I hear from the other bitcoin discussion section like Michael Saylors Strategy now hold 713,500 of bitcoins.
https://www.morningstar.com/news/marketwatch/2026020275/michael-saylors-strategy-sees-bitcoin-trade-below-the-purchase-price-of-its-holdings

Wow. Never new much about AltCoins though because I'm phobia over it highly volatile and can easily follow bitcoin negative trends but doesn't afford same momentum to sustain good values in the long term like bitcoin.
It's been a while I heard of it season neither had it been on record to track it cycle based on durability if not only being outbursted by hypes in the short while without a traditional performance as bitcoin is following the 4 years cycle.
I guess I've much phobia even for the Eth

[bangjoe]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Can you provide a source link for what you’re saying, OP? As for your question, the crypto community knows there are plenty of Ethereum believers these days
I’m sure you’re aware of that too, right?

And about Tom Lee, wasn't he the one who predicted Bitcoin would hit $180,000 by January 31? But the exact opposite happened;
instead of going up, it crashed hard. Am I right about that?

The link has been included by dansus021, you can check it there, ethereum adherents have been around for a long time because it is considered a blue chip altcoin that has high future expectations, but now it seems that many will pursue Ethereum in the L1 competition.

I don't know much about Tom Lee, never followed him but certainly whoever is talking about prices they are just speculating, there is no guarantee their words are correct, and such a person will say DYOR to secure himself from public judgment because his prediction failed.

By the way ETH is said to no longer need L2 because it has been updated, I am with Vitalik in saying that except for L2 which handles some important pivots in the ecosystem.

[Ivystar5]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Reading the title of the thread is seems decieving like the BBC news or other news outlets that only focuses on trying to get attention with their captions but however it's true that Bitmine is holding Etherum as an additional asset to whatever they have hold earlier but it's doesn't mean the world is moving towards the side of Ethereum instead people who know how the big market works are moving towards it just for the spake it will get in later days having held so much bitcoin, so they try to pick something out of the cryptos.

[0x000369]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply. Tom Lee said the volatility is a feature not a bug calling Ethereum dramatically undervalued and a core macro trade for the next decade.

not this tom lee again

the same guy who swore bitcoin was going to 180k by january and we got rekt instead

now he's shilling eth calling it dramatically undervalued

funny how these gurus always pop up when the price is dumping hard

bitmine scooping up some eth is hardly a sign of a "core macro trade" for a decade

if more people were actually buying we wouldn't be seeing eth struggling to hold 2k

volatility is a feature not a bug is just something you say when your investment is bleeding

@Rayyyking maybe look at the price action instead of listening to these guys pushing their bags

we've heard this story way too many times before

[gibrab16]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

dude people definitely saw that bitmine is stacking hudge amounts of ETH like 4.3M+ tokens roughly 3.5% of all circulating Ethereum which is a mind blowing amount which makes them the biggest publicly traded ETH treasury out there right now. yea Tom Lee has been out here basically saying the wild price swings aint a glitch it is a feature of the market and also he thinks Ethereum is mad undervalued and gonna be a core macro trade for the long haul. kinda like institutional HODL vibes while everyone else panics on dips they are scooping ETH and playing the long game like most of us have to

[Josefjix]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

You don't have to morn ETH because it's the first mover advantage in the smart contracts business, eth is the birth of other crypto and so the tendency to bring down such project is very low which can sometimes cause chaos in the  community.

[asriloni]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Your title is a click bait. It's opposite to the reality. Tom Lee's company is the only one who keep bought Ethereum. He's now suffering billion worth impermanent lose due to his ethereum accumulation. Meanwhile everyone is selling their ethereum. Vitalik, Blackrock, and Aave founder already dumped their ethereum to the market.

Beside that Tom Lee said volatility like a bug is just showing how frustrating he is. It's caused by his portfolio gets destroyed due to the dump. Yet sadly, he's now getting trapped by his doomed plan to keep accumulating ethereum. Meanwhile, we know ethereum has no max total supply. So i suppose more dump is just to come.

I won't be surprised if he yaps another non sense in the coming days when ethereum dumps again. He's the weird guy who predicted ethereum to reach 7k - 9k range in short term. While the fact previous ath was never broken.

Only hope he's aware of his mistake, then he admit he's wrogn, then again he can start to work for his credibility again.

[nelson4lov]

Tom Lee is the reason why ETH initially went from 1.5k to a new ATH last year. Everyone in the Ethereum community owe it to him. However, now I feel ethereum needs much more than one Tom Lee to take it to greater heights. If no new liquidity begins flowing into ETH soon, Bitmine might be forced to sell some or all of the ETH in their stack.

[TastyChillySauce00]

I dont know what is wrong with ETH when ton of company buying it and it seems just go away I mean if we take a look of BNB or TROn they made significane gain

I suspect that the Foundation selling and Vitalik recent sell create rather bearish sentiment for holders.
It's being covered heavily by KOLs pointing out that there has been some selling and people, knowing how paperhand majority are, also selling their Ethereum.

When bullrun was still early, it was the Foundation and now Vitalik. Supposedly, ETH should be surpassing its ATH because the inflation rate isn't that bad. Just 0.6% of yearly inflation rate with capped 1.5% max inflation rate and there is burn mechanism to decrease the number.

[crwth]

I imagine you can see this clearly in the on-chain data.

Based on CryptoQuant data ^[1], the critical factors here are the net result of the values shown in the figure below.

Check the Exchange Reserve and the Exchange Outflow. The values are -0.37% and +0.6 respectively. In the last 24 hours ^{(these values)}, on-chain exchange flows show a net outflow of ETH from exchanges, which is usually interpreted as a mild accumulation signal.

It's still better to use a longer timeframe, but the idea is that there is an actual signal of the start of accumulation, and people not wanting to sell their ETH. I myself want to accumulate more.




[1] - https://cryptoquant.com/asset/eth/chart/exchange-flows

[el kaka22]

I would say that if ETH is held that much (which I doubt one place does) it's still good because there are same type of people in bitcoin too ,holding a huge chunk, like hundreds of thousands as well. Big whales holding bitcoin is normal and we are used to it by now, it's also one of the reasons why we are so high, because they are taking money out of circulation which makes the remaining ones more valuable.

The more money becomes long term holding, less money is out there for you to buy, and less there is (scarcity) means you will have to pay more. This is how bitcoin got so high, from something that worth a few dollars, to something that broke over 100k recently. So we should be happy about ETH to have the same path.

[passwordnow]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,”

Volatility is not really a bug but a feature in any investments. It's not only with Ethereum but also with other assets that appreciates.

calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Well, he's giving a signal and I'm just holding the couple of ETHs that I've got and waiting for him to dump it again once it starts to rise. That's what he did with Ethereum and that's why when he's able to see some gains from it, it's for sure that he'll eventually dump and sell it but not yet today.

[free-bit.co.in]

Tom Lee is the reason why ETH initially went from 1.5k to a new ATH last year. Everyone in the Ethereum community owe it to him. However, now I feel ethereum needs much more than one Tom Lee to take it to greater heights. If no new liquidity begins flowing into ETH soon, Bitmine might be forced to sell some or all of the ETH in their stack.

As far as I know, they even just bought another 200kETH when the price was below $2k1. Additionally, they had previously decided to stake all the ETH they had purchased. That means they have massive capital and a long term strategy, not just short term speculation. Therefore, the likelihood of them having to sell ETH and cut their losses is very low.

ETH's performance during this cycle has been rather poor, but it remain the queen of the altcoin market so far. No other altcoin can compete with it. In the long term, I do not doubt its growth potential

[Wakate]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

You need to tell me the big deal with Ethereum among the other altcoins in the market.
Ethereum is only meant for the rich to buy and hold and I don't like the ideology of them trying to propagate a wrong agenda to make people buy Ethereum then they can crash the market later. The gas fee is high making it difficult for an average person to hold.

[abaeze]

The purchase of one or two millionaires can never create a big impact on the market. That is why instead of increasing the price, the price has decreased. It is true that Bitmine has kept their Ethereum as an additional asset than the previous asset, but this does not mean that the world is moving towards Ethereum or that Ethereum adoption has increased among the general public. The Crypto market does not run on how a company holds their assets. Currently, there has been a massive decline in the Crypto market and the price of the strongest currency in this market, Bitcoin, has fallen significantly, due to which this effect has also been felt in Altcoins and not outside of Ethereum.

[bournekin]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

right now everything is down it may be undervalued and may gain traction again but for now i dont think it is  dramatically undervalued. people are just not investing in right now and ethereum has the same outlook just as the rest of the coins for this moment in time. we will see