Bitmine Buys Another $69 Million in ETH as Tom DeMark Sees Uptrend Resuming

Bitmine, the Ethereum treasury firm associated with Tom Lee, has purchased another $69 million worth of ETH, according to CoinDesk. The acquisition comes as market analyst Tom DeMark expects Ethereum’s price uptrend to resume soon. Based on Bitmine’s current accumulation pace, the company could reach its stated crypto accumulation goal in approximately seven weeks. The purchase adds to the firm’s ongoing ETH accumulation strategy, while DeMark’s outlook provides a market perspective on the cryptocurrency’s potential direction. CoinDesk reported the development on September 8, 2026. The update is relevant to ETH market watchers tracking institutional-style cryptocurrency treasury activity and the pace at which Bitmine is building its Ethereum holdings.