Bitmine Buys Another 26,659 ETH as Tom Lee Predicts ‘Crypto Spring’ Rally

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• Bitmine added 26,659 ETH last week, bringing total holdings above 5.2 million ETH.
  
• Tom Lee says institutional tokenization and AI could drive Ethereum’s next rally.
  
• The company has already staked over 4.7 million ETH worth roughly $11.1 billion.

Ethereum treasury firm Bitmine has expanded its aggressive accumulation strategy, adding another 26,659 ETH last week and pushing its total holdings above 5.2 million ETH. The latest purchase strengthens the company’s position as one of the largest corporate holders of Ethereum, while chairman Tom Lee argues that the broader crypto market may be entering a new bullish phase.

The company said its total holdings now stand at 5,206,790 ETH, representing roughly 4.31% of Ethereum’s circulating supply. The announcement comes as institutional interest in Ethereum continues to grow alongside rising discussions around tokenization, staking, and blockchain-based financial infrastructure.

Bitmine Continues Large-Scale ETH Accumulation

Bitmine revealed that it has acquired more than 1 million ETH since the beginning of the year. According to Lee, the firm plans to continue holding and staking its assets rather than actively trading them.

The company currently has over 4.7 million ETH staked, with an estimated value of approximately $11.1 billion. Bitmine projects that staking rewards could eventually generate around $352 million annually once its full ETH balance is staked.

Lee argued that the company’s long-term holding strategy is effectively removing a significant amount of ETH from active circulation. He noted that more than 4% of the Ethereum supply has been locked away through Bitmine’s accumulation since mid-2025, contributing to what he described as a disinflationary trend for ETH.

Tom Lee Says ‘Crypto Spring’ Has Started

Despite slowing its buying pace from the 100,000 ETH weekly level seen in recent months, Bitmine remains optimistic about Ethereum’s long-term outlook.

Lee stated that the “crypto spring” has already begun, pointing to growing Wall Street interest in tokenization and the emergence of agentic AI as potential catalysts for Ethereum adoption.

He also highlighted a technical milestone for ETH price action. According to Lee, if Ethereum closes the month above $2,100, it would mark three straight months of gains — a pattern that historically has not occurred during crypto bear markets.

The comments have fueled speculation that Ethereum could be preparing for another major rally if institutional demand continues accelerating.

BMNR Stock Reacts to Ethereum Strategy

Bitmine’s Ethereum-focused strategy has also drawn attention to its stock, BMNR. Although the stock remains down about 20% year-to-date, shares have recovered in recent months alongside ETH’s rebound.

Following the latest ETH purchase announcement, BMNR traded near $22 during early market activity, slipping slightly on the day but remaining higher over the past week.

Also Read: Bitmine Buys 10,000 ETH Again—Is a 5% Ethereum Supply Takeover Near?

While volatility continues to affect both crypto assets and crypto-linked equities, Bitmine’s continued expansion signals that some institutional players are still betting heavily on Ethereum’s long-term future.

Bitmine’s latest Ethereum purchase reinforces the growing role of institutional treasury strategies within the crypto market. With over 5.2 million ETH now under its control, the company is positioning itself as a major force in Ethereum’s evolving ecosystem. At the same time, Tom Lee’s “crypto spring” narrative reflects rising confidence that the market may be entering another expansion phase driven by staking, tokenization, and institutional adoption.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.