BULLISH 📈 : BitMine Stakes 209,504 ETH as Tom Lee Predicts Crypto Rebound

BitMine Technologies Increases Ethereum Staking

Tom Lee's BitMine Technologies, listed on NASDAQ, staked an additional 209,504 ETH, valued at over $610 million.
Total staked ETH by BitMine now stands at 2,218,771, worth about $6.52 billion, representing over 52% of its holdings.
Recently, BitMine acquired 40,302 ETH in its largest purchase of 2026, increasing its total to 4,243,338 ETH, accounting for 3.52% of Ethereum's circulating supply.
BitMine is currently the largest corporate holder of Ethereum.

Precious metals like gold and silver have been attracting significant capital, leading to underperformance in digital assets.
Tom Lee expects a rotation back into cryptocurrencies once profit-taking occurs in the precious metals market.
He suggests that a weaker U.S. dollar and easing Federal Reserve policies could benefit crypto assets.
Lee notes the absence of a leverage-driven tailwind for cryptocurrencies due to recent deleveraging.