Tom Lee: We Believe Crypto's Decline Will Again Prove an Attractive Risk/Reward Opportunity

“Crypto is widely held in the US, Korea and Taiwan. So naturally, when investors in those regions de-risk, this creates spillover pressures in crypto markets. In the past, whenever fundamentals remain resilient and strong, while price declines, these have historically been attractive risk/reward opportunities. And given crypto’s positive exposure to both modernizing global financial system rails and to agentic-AI, we believe this will again prove to be the case.”

“The risk appetite of investors contracted in the past few weeks fueled by the worrying combination of AI funding and AI model safety; escalating US-Iran war activity; anxiousness in front of US midterm elections and generally rising bond yields around the world. This has triggered a selloff in AI stocks including semis and memory stocks, and has further led to selloffs in the Korean and Taiwan markets, both of which are dominated by semis and memory stocks,” stated Thomas “Tom” Lee, Chairman of Bitmine.

Over the past week, Bitmine acquired 12,535 ETH. Bitmine has bought ETH each and every week since the inception of its ETH Treasury Strategy on June 30, 2025, a track record of consistent buying the Company describes as unmatched by any public company in the world. Bitmine remains the #1 Ethereum treasury and #2 global treasury.

WEEKLY TREASURY HIGHLIGHTS

As of October 18, 2026

TREASURY

TOTAL VALUE $15.1B

ETH HELD 6,041,481 — 4.9% of ETH supply

ACQUIRED 12,535 this week

STAKING

STAKED 5,067,309 — $12.0B, 84% of ETH held

REVENUE $309M — Projected, 2.58% 7-day yield

ALCHEMY OF 5% PROGRESS · 99%

Crypto holdings as of October 18, 2026 at 3:00pm ET. ETH valued at $2,365 per Coinbase. Staking revenue is projected annualized at a 2.58% 7-day yield.