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

Odaily Planet Daily News: Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a rate slower than the previous weekly purchases of over 100,000 ETH, but the company still plans to hold 5% of Ethereum's circulating supply by the end of 2026. Currently, the company's total Ethereum staking exceeds 4.7 million ETH, with estimated annual rewards of approximately $352 million once all are staked.

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