Bitmine plans to hold 5% of Ethereum supply by the end of 2026
2026-05-12 04:17
Odaily Odaily reports that Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a slower pace compared to the previous weekly purchases of over 100,000 coins, but still plans to hold 5% of the circulating supply of Ethereum by the end of 2026. Currently, the company's total Ethereum staking exceeds 4.7 million coins, and it is expected that after full staking, the annual rewards will be approximately $352 million.
Tom Lee believes that if Ethereum closes above $2,100 by the end of May, it will confirm that the "Crypto Spring" has arrived.
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