BitMine increased its holdings by 24,266 ETH last week. Tom Lee predicts 2026 will be the year of a crypto price recovery.
BlockBeats News, January 12 — According to official sources, BitMine announced today that the total value of its crypto assets, cash holdings, and investments in “potential projects” has reached $14 billion. As of 7 p.m. Eastern Time on January 11, the company’s crypto assets include:
· 4,167,768 ETH
· 193 BTC
· An investment of $23 million in “potential projects” for Eightco Holdings (Nasdaq: ORBS)
· And $988 million in cash.
BitMine’s holdings of Ethereum account for 3.45% of the current total supply of Ethereum (1.207 billion).
Thomas “Tom” Lee, Chairman of BitMine and an analyst at Fundstrat, stated: “2026 signals many positive trends for the crypto space. The adoption of stablecoins and asset tokenization is driving blockchain to become the settlement layer on Wall Street, with Ethereum especially benefiting. We still view the leverage reset after October 10, 2025, as a ‘mini crypto winter.’ 2026 will be the year of crypto price recovery, with stronger growth expected in 2027-2028.” He added: “Over the past week, we increased our Ethereum holdings by 24,266 ETH, while our cash position grew by $73 million. BitMine selectively issues shares at prices above adjusted net asset value, and we remain the world’s largest buyer of Ethereum ‘new funds.’ When MAVAN launches commercial operations, we will become the largest staking service provider in the entire crypto ecosystem.”
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