Crypto bull market has begun, Tom Lee says as Bitmine nears 6M ETH
Bitmine chairman Tom Lee has said a crypto bull market is underway and could strengthen in the fourth quarter as the Ethereum treasury company added another 27,562 ETH worth roughly $75 million. SummaryTom Lee says the crypto bull market began in late June and expects institutional exposure to increase during the final three months of 2026.Bitmine bought another 27,562 ETH worth roughly $75 million, taking its Ethereum treasury to nearly 5.98 million tokens.Lee said ETH has outperformed other macro assets by 6,519 basis points this quarter and could see a stronger move in Q4.Bitmine now has more than 5.06 million ETH staked, representing roughly 85% of its total Ethereum holdings. According to Bitmine Immersion Technologies, Lee believes the bull market began in late June, supported by capital rotating from artificial intelligence stocks into crypto, stronger fundamentals around tokenization and AI, and what he described as the end of the four year crypto cycle. “We believe a crypto bull market is underway, having started in late June, driven by a multitude of factors including the rotation from AI back to crypto, strengthening crypto fundamentals centered around both tokenization and AI and lastly, the ending of the 4-year cycle,” Lee said. His comments accompanied Bitmines latest









