Tom Lee: Before the ETH 2.0 era, Bitmine will gradually accumulate ETH to 5% of supply

Odaily Planet Daily News, July 13, Tokyo, at WebX 2026 hosted by Coinpost, Bitmine Chairman Tom Lee delivered a speech titled "Ethereum: The Antidote to the Wealth Horror Valley." He introduced Bitmine's first-year achievements, including: accumulating 5.74 million ETH (accounting for 4.8% of the supply), launching MAVAN (the largest solo staking operator), the "Moonshot" investment plan (strategically investing in ecosystem projects), reaching a partnership with EF 2.0 (non-commercial stance), issuing ETH preferred shares for the first time (current yield lower than MSTR), listing on the New York Stock Exchange main board, and being included in the Russell 1000 large-cap index.

Bitmine's future plans include: gradually accumulating ETH to 5% of the supply (Vitalik does not want any single institution to hold more than this threshold), funding EF derivative projects, identifying and investing in crypto finance unicorns, and strengthening the Ethereum ecosystem.

Meanwhile, Tom Lee envisions ETH entering the 2.0 stage—"ETH is money"—stating that "under the leadership of the new foundation, ETH is expected to become the settlement layer of the AI era."