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Bitmine Chairman Tom Lee said that asset tokenization, intergenerational wealth transfer, digital asset treasury companies absorbing supply, and the development of AI may drive the next large-scale crypto bull market. He also said that Bitmine outperformed during the bear market ETH。
The report states that Bitmine the chairman said that its ETH holdings would reach 5%of the total supply, after which purchases would cease, with less than 100000 tokens remaining. The original text also mentions spot ETF continuing to flow out and potential selling pressure, but provides no verifiable data.
Tom Lee said at Token2049 that traditional finance will be extensively tokenized over the next years, and expressed a bullish view on Ethereum and the long-term performance of Bitmine.
According to Lookonchain monitoring, Bitmine approximately 5 hours ago purchased another 12,500 units of ETH, worth approximately 33650000 USD。
PANews, citing PRNewswire, reported that Bitmine chairman Tom Lee believes the crypto market has entered a bull market cycle and said that BMNR over the 2026 months ago 9 on a relative basis ETH performed better.
PANews cited data from blockchain analyst Ember, stating that Bitmine holds approximately 6001300 ETH, with the reported average cost basis at 3337 USD, and an unrealized loss on paper of approximately 3925000000 USD。