Tom Lee Doubles Down on Crypto Winter Call as Bitmine Makes Biggest ETH Purchase of 2026

Bitmine Immersion Technologies (BMNR) recently executed its largest weekly purchase of 2026, acquiring 101,627 Ethereum tokens and bringing its total crypto and cash holdings to $12.9 billion. Amidst this significant institutional accumulation, Chairman Tom Lee has reiterated his belief that the crypto winter is nearing an end. Lee’s outlook is based on historical market patterns, noting that the current modest equity drawdown differs from previous bear markets that were accompanied by sharper declines. His perspective is further supported by on-chain data showing record-low exchange reserves and a rebound in Ethereum ETF inflows, suggesting that institutional investors are actively building positions.

(Source：BeInCrypto)