Fundstrat Co-founder and Wall Street renowned analyst Tom Lee leads the crypto reserve company Bitmine Immersion (NYSE: BMNR), which continues to expand its Ethereum holdings. Over the past week, it purchased 32,977 ETH, driving the company’s total assets to $14.2 billion.
As of January 4, Bitmine has accumulated 4,143,502 ETH, valued at $13 billion, currently controlling 3.43% of the total global ETH supply. This is more than two-thirds of the progress toward Tom Lee’s “5% Alchemy” target—holding approximately 60.4 million ETH.
Bitmine is not just accumulating coins but is also actively participating in network governance. Currently, 659,000 ETH are staked, with an additional 250,000 ETH added just last week.
In a statement released on Monday, Tom Lee expressed an optimistic outlook for the market in 2026:
Given the US government’s support for the cryptocurrency industry, Wall Street’s widespread adoption of stablecoins and asset tokenization, the growing demand for certification and traceability in the AI era, and the increasing acceptance of cryptocurrencies among the younger generation, we are very optimistic about Ethereum’s prospects in 2026.
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