Bitmine's Ethereum Acquisition Sparks Predictions of Market Supercycle
Tom Lee predicts supercycle amid Bitmine’s largest Ethereum buy in 2026

Image: Cointelegraph
Bitmine, the largest Ether treasury company, aims to acquire over 6 million ETH, needing approximately 644,596 more to reach its goal. Tom Lee predicts a market supercycle as Ether staking grows, with over 39.2 million ETH currently locked in. Bitmine anticipates significant annual staking revenues of $276 million.
- 01Bitmine has purchased over 100,000 ETH weekly for three weeks, aiming for 5% of Ether's circulating supply.
- 02The company has staked over $4.7 million of its Ether, expecting annual staking revenues of $276 million.
- 03More than 39.2 million ETH is currently staked, representing about 32.19% of the total supply.
- 04Ether's price peaked at $4,946 in August 2025 but has since decreased by over 58%.
- 05Tom Lee believes Ether's price drops may present buying opportunities amid increasing staking activity.
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Bitmine, recognized as the largest Ether treasury company, has recently slowed its Ether purchases after acquiring over 100,000 ETH weekly for three consecutive weeks. The firm aims to hold 5% of Ether's circulating supply, which totals approximately 120.7 million tokens. To achieve its target of over 6 million ETH, Bitmine needs an additional 644,596 ETH, a milestone that Tom Lee predicts will be reached within this year. With over $4.7 million of its Ether staked, Bitmine expects to generate annual staking revenues of $276 million. As the demand for staking increases, the total amount of staked Ether has reached a new record of 39.2 million, or roughly 32.19% of the total supply. Despite Ether's price drop of over 58% since its peak in August 2025, Lee suggests that these price corrections may provide favorable buying opportunities for investors. The growing interest in staking and yield strategies among Ether treasury companies reflects a shift in market dynamics, particularly as public companies face pressure to generate revenue beyond merely holding assets.
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