Key facts
- Bitmine acquired 27,180 ETH last week, bringing its total holdings to 5,956,378 ETH.
- The company's ETH holdings now represent approximately 4.9% of the total supply.
- Bitmine is nearing its goal of holding 5% of Ethereum's total supply.
- Approximately 85% of Bitmine's ETH, totaling 5,067,309 tokens, is staked.
- Bitmine Chairman Tom Lee views the Clarity Act vote as a catalyst for a year-end crypto rally.
- Lee anticipates increased institutional investment in crypto in late 2026.
Bitmine acquired an additional 27,180 ETH last week, increasing its total holdings to 5,956,378 ETH, which now represents approximately 4.9% of Ethereum's total supply. This purchase continues the company's strategy of weekly ETH acquisitions, bringing it closer to its objective of holding 5% of the cryptocurrency's supply. The firm's staked ETH amounts to 5,067,309 tokens, valued at nearly $13 billion.
Bitmine Chairman Tom Lee indicated that the upcoming vote on the Clarity Act is viewed as a positive catalyst for a potential crypto rally by the end of the year. He also observed a rotation of investors from AI stocks into crypto. Lee anticipates that the current four-year cycle is nearing its bottom, which could lead to substantial institutional participation in the crypto market in late 2026, supported by trends in tokenization and Agentic-AI.