#NFPBeatsExpectations 📊 The Move by the Numbers

The Purchase: BitMine acquired 40,000 ETH on February 10, valued at approximately $83.4 million (average price ~$2,084 per ETH).
Total Holdings: This brings their total stash to a staggering 4.326 million ETH, representing roughly 3.58% of the total circulating supply.
The Goal: The firm has publicly stated it aims to control 5% of all Ethereum by the end of 2026.
🔎 Why the Market is Buzzing
While the acquisition is a massive show of confidence, it comes during a period of high tension:
The "V-Shaped" Bet: Tom Lee has been vocal about his expectation for a "V-shaped recovery." He views the recent price dip (down over 60% from 2025 highs) as a generational buying opportunity.
Passive Income at Scale: BitMine isn't just holding; they are staking. With nearly 2.9 million ETH currently staked, the company is generating massive protocol-level rewards—projected to exceed $1 million per day once their full infrastructure is live.
Unrealized Losses: It’s worth noting that the firm is currently weathering significant paper losses (estimated between $6.6 billion and $8 billion) because they accumulated heavily at higher price points in 2025.
📉 Key Levels to Watch
For traders, the "BitMine Effect" creates specific zones of interest:
Support: Strong support has formed near the $2,020 mark where BitMine recently stepped in.
Resistance: Immediate resistance sits at $2,150. A break above this could confirm Lee's "V-shaped" thesis.