Bitmine Provides $32M in Ethereum as Tom Lee Says Agency Is Almost 'Executed Stacking' – Decrypt

In short
Bitmine acquired 12,532 ETH over the previous week, bringing its holdings to six,028,946 ETH, or 4.9% of Ethereum's provide.
Chairman Tom Lee stated the agency wants about 100,000 extra ETH to succeed in its 5% goal, after which it will likely be “accomplished stacking.”
Lee predicted the most important crypto bull market ever, citing tokenization, a generational wealth switch and provide held by treasury corporations.
Bitmine Immersion Applied sciences purchased 12,532 ETH over the previous week, price about $31.9 million on the $2,544 value the corporate used to worth its holdings and lifting its holdings to six,028,946 ETH, the corporate stated Monday.The stash represents 4.9% of the full 122.1 million Ethereum token provide, leaving the agency 99% of the way in which to its objective of proudly owning 5%, a goal it calls the “Alchemy of 5%.”
🧵1/BitMine offered its newest holdings replace for October 12, 2026
$16.2 billion in whole crypto + “moonshots”:- 6,028,946 ETH at $2,544 per ETH (per @coinbase)- 214 Bitcoin (BTC)- $180 million stake in Beast Industries @MrBeast- $85 million stake in Eightco Holdings…
— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) October 12, 2026Bitmine purchased $41 million extra ETH the week earlier than. In a press launch, the agency's Chairman Tom Lee claimed that its “observe document of constant shopping for of crypto is unmatched by any public firm on this planet.”The corporate valued its ETH at $2,544 per token, and put its whole crypto, money and funding holdings at $16.2 billion. That features 214 BTC, $612 million in money and marketable securities, and stakes price $180 million in Beast Industries and $85 million in Eightco Holdings.The agency has staked 5,067,309 ETH, which Lee stated generates annualized staking income of about $336 million.Myriad: The place does Ethereum go subsequent? Click on to make your prediction.'Executed stacking'In his month-to-month Chairman's message final week, Lee stated Bitmine wants “about 100,000 extra ETH, and that is about it.” He has stated the agency's Ethereum shopping for will cease as soon as it reaches its goal.”Now we're accomplished stacking whereas a bull market is beginning,” Lee stated within the video. “So if we're accomplished stacking, however ETH goes up so much, you'll be able to think about that we'll outperform Ethereum.”Lee predicted the crypto bull market could be “the largest bull market we have ever seen,” pushed by tokenization, a wealth switch to youthful buyers, provide absorbed by digital asset treasury corporations, and AI brokers utilizing crypto wallets.He stated Bitmine shares, then round $26, are 90% correlated with ETH, and projected that ETH at $22,000 would put the inventory at $300 to $500.Lee additionally pointed to Bitmine's 9.5% perpetual most popular inventory, BMNP, which was issued at $80 in June and final closed at $99.53, based on the discharge.Each day Debrief NewsletterStart day by day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.