Bitmine increased its holdings by 32,977 ETH last week, and Tom Lee is optimistic about Ethereum's prospects in 2026.

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On January 5th, according to official news, Bitmine announced that its total holdings of crypto assets, cash, and investments in "potential projects" have reached $14.2 billion. As of 9 PM Eastern Time on January 4th, the company's crypto asset holdings included:

4,143,502 ETH

192 BTC

• A $25 million equity investment in Eightco Holdings (NASDAQ: ORBS) as a "potential project".

• And $915 million in cash.

Bitmine holds 3.43% of the total ETH supply (120.7 million).

Bitmine Chairman and Fundstrat analyst Thomas "Tom" Lee stated, "We are bullish on Ethereum's prospects in 2026, thanks to multiple positive factors: increased US government support for the crypto industry, Wall Street's embrace of stablecoins and asset tokenization, the surging demand for identity verification and traceability due to the increasing complexity of the AI era, and the accelerated adoption of crypto assets by younger generations. Furthermore, the surge in commodity and precious metal prices in 2025 also foreshadows a positive trend for crypto asset prices in 2026—cryptocurrencies often move in tandem with metal prices."

"In the last week of 2025, overall stock market and crypto market activity slowed down, but we still added 32,977 ETH in one week," Li further pointed out. "Our analysis shows that Bitmine is accumulating ETH at a faster rate than other Ethereum digital asset reserves. We remain the world's largest buyer of ETH 'new funds'."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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