{"id":3019,"date":"2026-05-11T16:24:48","date_gmt":"2026-05-11T16:24:48","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3019"},"modified":"2026-05-11T16:24:48","modified_gmt":"2026-05-11T16:24:48","slug":"tom-lee-reaffirms-crypto-spring-outlook-as-bitmine-slows-ethereum-purchases","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/11\/tom-lee-reaffirms-crypto-spring-outlook-as-bitmine-slows-ethereum-purchases\/","title":{"rendered":"Tom Lee Reaffirms \u2018Crypto Spring\u2019 Outlook as Bitmine Slows Ethereum Purchases"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"588\" height=\"309\" data-id=\"3020\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/05\/IMG_2598.jpeg\" alt=\"\" class=\"wp-image-3020\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/05\/IMG_2598.jpeg 588w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/05\/IMG_2598-300x158.jpeg 300w\" sizes=\"auto, (max-width: 588px) 100vw, 588px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Bitmine Immersion Technologies has reduced the pace of its Ethereum accumulation despite remaining on track to achieve its long term ownership target.<\/p>\n\n\n\n<p>The company\u2019s latest update revealed that its total ETH holdings increased to 5.21 million coins, up from 5.18 million the previous week.<\/p>\n\n\n\n<p>This means Bitmine acquired roughly 30,000 ETH over the past week, a noticeable slowdown compared to earlier accumulation periods where the company regularly purchased more than 100,000 ETH.<\/p>\n\n\n\n<p><strong>Bitmine Adjusts Buying Pace While Maintaining Long Term Target<\/strong><\/p>\n\n\n\n<p>According to Bitmine Chairman Tom Lee, the reduced pace is intentional.<\/p>\n\n\n\n<p>Lee explained that continuing to buy more than 100,000 ETH per week would have allowed the company to reach ownership of 5% of Ethereum\u2019s total supply by mid July.<\/p>\n\n\n\n<p>Bitmine currently controls approximately 4.3% of Ethereum\u2019s circulating supply and plans to gradually reach the 5% milestone by late 2026 instead.<\/p>\n\n\n\n<p>Despite slowing purchases, Lee emphasized that the company remains extremely bullish on both Ethereum and the broader cryptocurrency market.<\/p>\n\n\n\n<p><strong>Tom Lee Says \u2018Crypto Spring\u2019 Has Begun<\/strong><\/p>\n\n\n\n<p>Lee stated that what he calls \u201ccrypto spring\u201d is already underway and highlighted Ethereum as a key asset for diversification ahead of what he expects to be the next major crypto bull cycle.<\/p>\n\n\n\n<p>According to him, Ethereum reaching a specific technical milestone could confirm the end of the current bear market.<\/p>\n\n\n\n<p>Lee said that if ETH closes above $2,100 at the end of May 2026, it would mark three consecutive months of gains, something that has never previously occurred during a crypto bear market.<\/p>\n\n\n\n<p>He argued that such a move would strongly validate the arrival of a new bullish phase for digital assets.<\/p>\n\n\n\n<p><strong>Bitmine Builds Massive Crypto and Investment Portfolio<\/strong><\/p>\n\n\n\n<p>Since the start of 2026, Bitmine has accumulated more than one million ETH.<\/p>\n\n\n\n<p>Beyond Ethereum, the company\u2019s portfolio also includes 201 BTC, a $200 million investment in Beast Industries, an $88 million stake in Eightco Holdings, and approximately $775 million in cash reserves.<\/p>\n\n\n\n<p>Bitmine currently ranks as the second largest corporate holder of cryptocurrency, behind only Strategy, which recently expanded its Bitcoin holdings once again.#crypto#cryptonews <a href=\"https:\/\/coinsignals.net\">https:\/\/coinsignals.net<\/a> <a href=\"https:\/\/t.me\/coinsignalpublic\">https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion Technologies has reduced the pace of its Ethereum accumulation despite remaining on track to achieve its long term ownership target. The company\u2019s latest update&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3019","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3019"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3019\/revisions"}],"predecessor-version":[{"id":3021,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3019\/revisions\/3021"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}