Bitmine chairman Tom Lee said the company now holds more than 6 million ETH, a position built in less than 15 months and now approaching 5% of Ethereum’s total supply. He said the company has already seen synergy and network effects from that scale of ownership. Lee also said the latest crypto bull market actually began in late June, adding that current signs still support that view. In his assessment, institutional investors remain underallocated to crypto assets and are likely to increase their exposure in the final months of 2026. He also pointed to Ethereum’s relative performance, saying that through the third quarter to date, ETH has outperformed other macro assets by 6,728 basis points.
Bitmine chairman Tom Lee said the company’s ETH holdings have surpassed 6 million coins, a position accumulated in less than 15 months and now close to 5% of Ethereum’s total supply. He said the company has already seen synergy and network effects from that scale.
According to PRNewswire, Lee also said the current crypto bull market actually started in late June, and that there are still signs backing that view. He added that institutional investors remain underallocated to crypto assets and are expected to raise their exposure in the final months of 2026.
Through the third quarter to date, ETH has outperformed other macro assets by 6,728 basis points, Lee said.
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