‘Crypto spring has commenced,’ Tom Lee says as Bitmine’s weekly accumulation slows below 100,000 ETH pace
The Block
Tom Lee announced the start of a "crypto spring" as Bitmine slowed its weekly Ethereum accumulation while maintaining its status as a major treasury holder.Summary
Bitmine Immersion, led by Tom Lee, has reached holdings of 5,206,790 ETH, representing about 4.3% of Ethereum's circulating supply. The company is slowing its weekly accumulation pace, which was previously over 100,000 ETH, as it targets a 5% ownership stake by late 2026. Lee cited institutional tokenization and agentic AI as key drivers for a coming bull cycle, asserting that a price close above $2,100 in May 2026 would validate the arrival of a "crypto spring."
(Source：The Block)