Tom Lee 'Sweeps Up' 27,000 Ethereum (ETH)..."The Bull Market Has Already Begun"

▲ Ethereum (ETH)

Bitmine Immersion Technologies (BMNR), which leads Ethereum (ETH) financial strategies, has embarked on a large-scale additional accumulation. Tom Lee, Chairman of the Bitmine Board of Directors, diagnosed that the virtual asset bull market has already begun in earnest.

Bitmine announced on September 21 (local time) that it had additionally purchased 27,562 ETH last week. The purchase amount is approximately $75.2 million. With this purchase, Bitmine's total Ethereum holdings increased to 5,983,940 ETH. This figure accounts for approximately 4.9% of the total Ethereum issuance. Only about 121,000 ETH remain until the '5% holding' target set by Chairman Tom Lee.

Beyond simple holding, Bitmine is focusing on generating cash flow through staking. Approximately 5 million ETH, which is about 85% of its total holdings, is currently being staked. Based on current returns, the annual staking reward alone is estimated to reach approximately $357 million. Since transitioning to a virtual asset financial strategy in June 2025, it has purchased Ethereum without fail every single week.

Chairman Tom Lee emphasized that the inflow of funds from institutional investors will drive prices in the fourth quarter. He predicted, "Institutions have been reducing their virtual asset holdings by focusing on the strong performance of artificial intelligence (AI) related stocks," and "the proportion of institutional investment in virtual assets will significantly expand during the last three months of 2026." Ethereum has risen 76% since the end of June, significantly outperforming the S&P 500 index's 2% gain during the same period.

Driven by Bitmine's aggressive accumulation and expectations of institutional inflows, its stock price also showed strength. Bitmine recorded a 5.8% increase in pre-market trading.

[Key Article Summary]

-Bitmine (BMNR) additionally purchased 27,562 ETH worth $75.2 million, increasing its total holdings to 5,983,940 ETH.

-By staking 5 million ETH, which is 85% of its holdings, it is expected to generate approximately $357 million in annual revenue.

-Chairman Tom Lee diagnosed that the bull market has begun and predicted that institutional investors' virtual asset holdings will expand significantly in the fourth quarter.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*