Ark Invest Buys High Shares of Bitmine as Tom Lee Accumulates More Ethereum

• Ark Invest buys high shares of Bitmine, showing great conviction in ETH.

• It bought over 274,000 shares of Bitmine, the entity that now holds over 4.3 million ETH.

• Tom Lee recently added 20,000 ETH to Bitmine’s ETH holdings.

As crypto prices continue to decline at an alarming rate, the crypto community finds itself slit within two expectations. The first is the bearish conviction side that expects the price of BTC to tumble down to much lower prices, and the other is the bullish side that expects BTC to rally at an aggressive pace, pulling all altcoin assets up with it. Amidst the uncertainty, Ark Invest buys high shares of Bitmine as Tom Lee accumulates more Ethereum.

Ark Invest Buys High Shares of Bitmine

As of today, the price of BTC has been teasing breaking below the $70,000 price range, igniting high FUD sentiments across the crypto community. According to the CMC Crypto Fear and Greed Index, the market sentiment is at a score of 11, marking ‘Extreme Fear’. While it is encouraged to buy during these times, it is also a highly risky move, especially considering that many analysts are expecting greater lows.

Alongside the price of BTC’s massive drop, the price of Ethereum and other popular altcoins have also taken a deep dive. For instance, ETH is also teasing dropping below the $2,000 price mark. This continuous fall in prices has only strengthened bearish conviction in the eyes of many reputed crypto analysts, most of whom have been preaching the start of the bear cycle.

💥BREAKING:

ARK Invest buys 274,358 shares of Tom Lee’s Bitmine.

High conviction in $ETH. pic.twitter.com/J9FFJBKT1p

— Crypto Rover (@cryptorover) February 4, 2026

These experts believe that the price of BTC will continue to decline until it can hit much lower targets between $40,000 – $60,000, and perhaps even lower. In fact, the more the score of the Fear and Greed Index falls, the lower these bottom expectations grow. On the other hand, some experts still cling to their bullish outlooks for the crypto market to rally in prices in 2026. These bullish sentiments has lead to massive accumulation.

Tom Lee Accumulates More Ethereum

It is no great secret that most whales, long-term holders, and crypto philosophy believers tend to accumulate during dips, as they see any price dump scenario as an opportunity to accumulate assets they expect to change the world for the better, whilst granting its holders financial freedom. Thus, whales and a few bullish entities have been heavily accumulating BTC and ETH in particular.

🚨 JUST IN: TOM LEE’S BITMINE BUYS ANOTHER 20,000 $ETH

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 says the volatility is “a feature, not a bug,” calling Ethereum… https://t.co/7ifAMrmX2O pic.twitter.com/O34zROVkZ8

— CryptosRus (@CryptosR_Us) February 4, 2026

As we can see from the posts above, the actions of Ark Invest and Bitmine Immersion show high conviction in the pioneer altcoin asset Ethereum (ETH). While Tom Lee bought another 20,000 ETH, sending Bitmine’s ETH holdings to a total of over 4.3 million ETH, Cathie Wood’s ARK Invest went on to buy 274,358 shares of Tom Lee’s Bitmine. This indeed shows high faith in the future of the asset ETH.