Bitmine Chairman Tom Lee said at WebX 2026 in Tokyo that the company plans to gradually increase its Ethereum holdings to 5% of total supply, after accumulating 5.74 million ETH in its first year, equal to 4.8% of supply. Speaking in a presentation titled “Ethereum: The Cure for the Wealth Uncanny Valley,” Lee outlined a series of milestones for the firm.
He said Bitmine launched MAVAN, which he described as the largest single staking operator, rolled out the “Moonshot” investment plan to strategically back ecosystem projects, and reached a partnership with EF 2.0 that he characterized as non-commercial. He also said the company issued ETH preferred stock for the first time, with a current yield below MSTR, joined the New York Stock Exchange main board, and was added to the Russell 1000 large-cap index.
Looking ahead, Lee said Bitmine will fund EF-related derivative projects, identify and invest in crypto-finance unicorns, and keep building around the Ethereum ecosystem. He also described his vision for an “ETH 2.0” era, saying “ETH is money” and adding that, under a new foundation leadership, ETH could become the settlement layer for the AI era.
Lee outlines ETH accumulation target at WebX 2026
Bitmine Chairman Tom Lee said at WebX 2026 in Tokyo on July 13 that the company plans to gradually lift its Ethereum holdings to 5% of total supply.
Speaking at the Coinpost-hosted event, Lee delivered a presentation titled “Ethereum: The Cure for the Wealth Uncanny Valley.” He said Bitmine has accumulated 5.74 million ETH in its first year, equal to 4.8% of supply. Lee added that Vitalik does not want any single institution to hold more than that 5% threshold.
First-year milestones include staking, investment and listing progress
Lee said Bitmine’s first-year results included the launch of MAVAN, which he described as the largest single staking operator, as well as the “Moonshot” investment plan aimed at strategically backing ecosystem projects.
He also said Bitmine reached a partnership with EF 2.0 in what he described as a non-commercial arrangement. On the capital-markets side, the company issued ETH preferred stock for the first time, with a current yield below MSTR, entered the New York Stock Exchange main board, and was added to the Russell 1000 large-cap index.
Next steps focus on Ethereum ecosystem projects
According to Lee, Bitmine’s future plans include funding EF-related derivative projects, identifying and investing in crypto-finance unicorns, and strengthening the Ethereum ecosystem.
Lee also described his vision for Ethereum entering a 2.0 stage, saying “ETH is money.” He added that under a new foundation leadership, ETH could become the settlement layer for the AI era.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
