Bitmine Buys 111K ETH as Tom Lee Predicts Supercycle

Bitmine Immersion Technologies has executed its largest Ether purchase of 2026, acquiring 111,942 ETH following a recent market price drop. Chairman Tom Lee cited an 'attractive opportunity' and maintained his long-term thesis regarding a crypto supercycle fueled by Wall Street tokenization and artificial intelligence. Bitmine, currently the largest Ether treasury firm, aims to accumulate 5% of the total circulating supply, with its current holdings reaching nearly 5.4 million ETH. The company is also actively utilizing staking strategies to generate significant revenue, a trend observed across the broader ecosystem as institutional interest shifts toward yield generation.

(Source：Cointelegraph)