Bitmine plans to hold 5% of Ethereum's supply by the end of 2026

Odaily Odaily reports that Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a pace slower than the previous weekly purchases of over 100,000 tokens, but still plans to hold 5% of Ethereum's circulating supply by the end of 2026. The company currently has over 4.7 million ETH staked in total, with expected annual rewards of approximately $352 million after full staking.

Tom Lee believes that if Ethereum closes above $2,100 at the end of May, it will confirm that the "Crypto Spring" has arrived.