Bitmine increased its ETH holdings by 32,977 last week, Tom Lee bullish on Ethereum's outlook in 2026

BlockBeats News, January 5th, according to official sources, Bitmine announced today that its holdings of cryptocurrency, cash reserves, and total value of "potential projects" have reached $14.2 billion. As of 9:00 PM EST on January 4th, the company's cryptocurrency holdings include:

· 4,143,502 ETH

· 192 BTC

· $25 million worth of equity investment in Eightco Holdings (Nasdaq code: ORBS) as a "potential project"

· And $9.15 billion in cash.

The ETH held by Bitmine accounts for 3.43% of the total ETH supply (120.7 million).

Bitmine's Chairman and Fundstrat analyst Thomas "Tom" Lee stated: "We are bullish on Ethereum's prospects in 2026, thanks to multiple positive factors: increased U.S. government support for the crypto industry, Wall Street embracing stablecoins and asset tokenization, the growing demand for identity verification and traceability proof in the increasingly complex AI era, and the accelerated adoption of crypto assets by the younger generation. In addition, the surge in commodity and precious metal prices in 2025 also suggests a positive trend in crypto asset prices in 2026 — cryptocurrency prices are often linked to metal prices."

"In the final week of 2025, overall stock market and crypto market activities slowed down, but we increased our ETH holdings by 32,977 ETH within a week," Lee further pointed out. "Our analysis shows that compared to other Ethereum digital asset reserve institutions, Bitmine is accumulating ETH at a faster pace. We remain the world's largest 'new capital' buyer of ETH."