# Tom Lee: We Believe the Company Is Attractively Positioned Ahead of the Coming Crypto Bull

By Token Post

Canonical URL: https://www.tokenpost.com/news/investing/30620
Published: 2026-10-12T23:04:43.000Z
Updated: 2026-10-12T23:04:43.000Z
Section: Investing

> Over the past week, Bitmine acquired 12,532 ETH. Bitmine remains the #1 Ethereum treasury and #2 global treasury.

“The accumulation of a majority of our 6 million ETH took place in the midst of a crypto bear market and with the Company nearing our 5% ETH accumulation target, we believe the company is attractively positioned ahead of the coming crypto bull.”

THOMAS “TOM” LEE

Chairman, Bitmine Immersion Technologies

“We believe Bitmine is positioned to outperform the crypto bull market that we expect to be coming, as the company has strengthened its competitive position over the past year in the midst of a crypto winter (bear market),” stated Thomas “Tom” Lee, Chairman of Bitmine.

“BMNP, the Company’s perpetual preferred stock, gained 24% since issuance outperforming fixed income as Treasuries (TLT) fell -8% in that same timeframe,” continued Lee.

“BMNP has established a benchmark yield for ETH credit and at 9.56% is 256bp below that of comparable Bitcoin credit yield (STRC) and 515bp below that of comparable Solana yield (CHAD). This reflects the superior yield and stability characteristics of ETH, in my opinion,” continued Lee.

“Owing to the following factors, we see the potential for this to be the largest ever crypto bull market. The drivers being: tokenization; wealth transfer; DATS absorbed supply; Crypto being an AI downstream story,” continued Lee.

“DATS represent essentially permanent supply removed from the crypto market and this dynamic is favorable ahead of the upcoming crypto bull cycle, particularly compared to the prior 2019-2021 period, when DATS were not a factor,” continued Lee.

Over the past week, Bitmine acquired 12,532 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 11, 2026

TREASURY

TOTAL VALUE $16.2B

ETH HELD 6,028,946

4.9% of ETH supply

ACQUIRED 12,532 this week

STAKING

STAKED 5,067,309

$12.9B, 84% of ETH held

REVENUE $336M

Projected, 2.61% 7-day yield

ALCHEMY OF 5% PROGRESS · 99%

Crypto holdings as of October 11, 2026 at 1:30pm ET. ETH valued at $2,544 per Coinbase. Staking revenue is projected annualized at a 2.61% 7-day yield.