Bitmine Chairman Tom Lee said the company now holds more than 6 million ETH, a position built in less than 15 months. According to Lee, that holding is now close to 5% of Ethereum’s total supply, and Bitmine has already seen synergy and network effects from the scale of its position. He also said the crypto bull market began at the end of June, adding that current signs still support that view. Lee said institutional investors remain underallocated to crypto assets and are expected to raise their exposure in the final months of 2026. He added that, so far in the third quarter, ETH has outperformed other macro assets by 6,728 basis points. The remarks were cited by PRNewswire and reported by Odaily.
According to PRNewswire, Bitmine Chairman Tom Lee said the company’s ETH holdings have surpassed 6 million coins, a position accumulated in less than 15 months.
Lee said Bitmine’s holdings are now close to 5% of Ethereum’s total supply, adding that the company has seen synergy and network effects emerge from that scale.
He also said the crypto bull market began at the end of June, and that there are still signs supporting that view. Lee said institutional investors remain underallocated to crypto assets and are expected to increase related exposure in the final months of 2026.
As of the third quarter to date, ETH has outperformed other macro assets by 6,728 basis points.
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