Today, US stock markets are dominated by volatility due to AI-related stocks, and crypto is negatively affected by this. On the first business day of the week for the USA, BitMine also announced its new ETH purchase. Last week the company received 45,759 ETH. So what does he trust?
ETH News
The company currently holds 3.62% of the ETH supply and has come significantly closer to its 5% target in just 7 months. Last year in June ETH The company, which started purchasing it, has faced huge losses due to the constant decrease in the ETH price since then. But he doesn’t give up. Moreover, today’s announcement announced that an initial investment of $200 million in Beast Industries has been completed. They invested $200 million in the company of MrBeast, the world’s most popular Youtuber.
Cryptothe total of cash and other assets is at the level of 9.6 billion dollars. But BMNR shares It gets less attention now. The company, which was among the 40-50 strongest stocks in terms of volume, fell to 158th place. Transaction volume decreased to an average of 900 million dollars per day.
What Do They Trust?
The company headed by Tom Lee holds 3.62% of the ETH supply (120.7 million ETH) and will continue its purchases to reach the 5% target. While Bitcoin declares its failure as a digital gold and inflation hedge in the most critical periods, the period when altcoins will shine is expected to come. Ethereum wants to be the center of tokenization, blockchain-based finance, and the world’s largest financial companies are developing their products on this network. When viewed objectively, Ethereum seems more likely to achieve its mission than Bitcoin.
“of 2026 Ethereum Our belief that it will be a decisive year for us has become even stronger. We see product-market fit strengthening under the influence of three long-term factors: (i) Wall Street through tokenization/privacy on Ethereum; (ii) AI and AI agents using Ethereum for both payment collection and verification, and (iii) creators moving towards ‘human proof’ and other standards running on Ethereum L2 (Worldchain etc.).
In contrast, investor sentiment and enthusiasm have bottomed out, reminding us of the November 2022 lows and the despair and demoralization seen in the depths of the 2018 crypto winter. In 2018 and 2022, there were many high-profile failures of major players (FTX, 3 Arrows in 2022), but there was no such large-scale collapse in 2025-2026. On the contrary, cryptocurrencies appear to have remained weak since the ‘price shock’ and large-scale deleveraging on October 10. At Bitmine, we cannot control the price of Ethereum and the company purchases ETH regardless of the price trend as the long-term outlook for Ethereum remains outstanding. That’s why we continue to purchase ETH even as crypto goes through this ‘mini winter’ period.” –Tom Lee
Moreover, the company, which will distribute an annual staking reward of $176 million, allows investors who purchase its shares to earn dividends while investing in the new generation digital finance.
