BitMine continues its aggressive ether accumulation strategy while trading at a discount to its $17.1 billion net asset value, as Chairman Tom Lee anticipates a year-end institutional pivot into crypto.
BitMine has expanded its ether holdings to 5.98 million tokens, valued at $16.3 billion, as it continues its long-term accumulation strategy. Chairman Tom Lee projects a significant institutional inflow into crypto assets during the final quarter of 2026, citing ether's 65% outperformance against the S&P 500 since June.
Because Ethereum has no hard supply limit and new tokens are minted constantly, the 5% threshold is a moving target that continues to climb as BitMine accumulates.
BitMine is currently valued at $15.68 billion, while its treasury of crypto, cash, and private stakes is valued at approximately $17.1 billion.