BitMine increased its ETH holdings by 24,266 coins last week, and Tom Lee predicts that 2026 will be the year of crypto price recovery.
BlockBeats News, January 12th — According to official sources, BitMine announced today that the total value of its cryptocurrency holdings, cash reserves, and investments in "potential projects" has reached $14 billion. As of 7 p.m. EST on January 11th, the company's cryptocurrency holdings include:
· 4,167,768 Ethereum
· 193 Bitcoin
· A "potential project" investment in Eightco Holdings (Nasdaq: ORBS) worth $23 million
· And $9.88 billion in cash.
The amount of Ethereum held by BitMine accounts for 3.45% of the current total Ethereum supply (120.7 million).
BitMine's Chairman and Fundstrat analyst Thomas "Tom" Lee stated, "2026 portends many positive trends for the crypto space, with stablecoin adoption and asset tokenization driving blockchain to become Wall Street's settlement layer, with Ethereum benefiting in particular. We still view the leverage reset post-October 10, 2025, as a 'mini crypto nuclear winter.' 2026 will be the year of crypto price recovery, with 2027-2028 seeing even stronger growth." He added, "Over the past week, we increased our Ethereum holdings by 24,266 coins, while our cash position increased by $73 million. BitMine selectively issues shares at prices above the adjusted net asset value; we remain the world's largest 'new money' buyer of Ethereum. When MAVAN launches its commercial operations, we will become the largest staking service provider in the entire crypto ecosystem."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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