Fundstrat Co-founder and Wall Street renowned analyst Tom Lee leads the crypto reserve company Bitmine Immersion (NYSE: BMNR), which continues to expand its Ethereum holdings. Over the past week, it purchased 32,977 ETH, driving the company’s total assets to $14.2 billion.
As of January 4, Bitmine has accumulated 4,143,502 ETH, valued at $13 billion, currently controlling 3.43% of the total global ETH supply. This is more than two-thirds of the progress toward Tom Lee’s “5% Alchemy” target—holding approximately 60.4 million ETH.
Bitmine is not just accumulating coins but is also actively participating in network governance. Currently, 659,000 ETH are staked, with an additional 250,000 ETH added just last week.
In a statement released on Monday, Tom Lee expressed an optimistic outlook for the market in 2026:
Given the US government’s support for the cryptocurrency industry, Wall Street’s widespread adoption of stablecoins and asset tokenization, the growing demand for certification and traceability in the AI era, and the increasing acceptance of cryptocurrencies among the younger generation, we are very optimistic about Ethereum’s prospects in 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock withdrew 2267 BTC and 5041 ETH from a certain CEX over the past 9 hours
Gate News reported that on March 19, according to Onchain Lens monitoring, BlackRock withdrew 2,267 BTC (valued at $161.82 million) and 5,041 ETH (valued at $11.02 million) from a certain CEX in the past 9 hours. Additionally, over the past 3 consecutive days, BlackRock has cumulatively withdrawn 8,435 BTC with a total value of $618.05 million.
GateNews15m ago
Two Linked Wallets Purchase 50,706 ETH Worth $111.62M After Year-Long Selling Period
Gate News bot message, two wallets identified as "0x554" and "0xF2f," reportedly connected to the same entity, acquired 50,706 ETH using $111.62M USDT at an average price of $2,201. This purchase follows a year of selling activity.
Wallet "0x554" spent $61.02M to acquire 27,714 ETH. Wallet "0xF2f"
GateNews35m ago
Why Bitcoin, Ethereum & XRP Prices Are Dropping—Is This a Bull Trap? - BTC Hunts
The post Why Bitcoin, Ethereum & XRP Prices Are Dropping—Is This a Bull Trap? appeared first on Coinpedia Fintech News
The crypto market has entered a corrective phase, with Bitcoin (BTC) price dropping to around $71,500, down nearly 3.33%, while Ethereum (ETH) price has also slipped
BTCHUNTS55m ago
Federal Reserve Holds Rates Steady, War Escalates Inflation Risks, Bitcoin Pulls Back Above 70K
The Federal Reserve kept the federal funds rate unchanged at 3.5% to 3.75%, with Fed Chair Powell pointing out the uncertainty of war on inflation. The three major U.S. stock indices fell, with Bitcoin temporarily pulling back to $70,500. February PPI rose more than expected, oil prices surged to $107, intensifying inflation concerns. Market confidence has not fully recovered, though institutional fund inflows into Bitcoin ETFs indicate warming sentiment.
ChainNewsAbmedia1h ago
