Tom Lee predicts supercycle amid Bitmine’s largest Ethereum buy in 2026
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Bitmine purchased 111,942 Ether last week, its biggest buy so far in 2026, after the token dropped below $2,200.
Key facts
Lee said Tuesday that in the past week, Bitmine bought 111,942 Ether (ETH) after a recent pullback sent the token below $2,200 and presented an “attractive opportunity
Bitmine purchased 111,942 Ether last week, its biggest buy so far in 2026, after the token dropped below $2,200
Ether reached an all-time high of $4,946 in August 2025 but has since fallen over 58%
Bitmine has staked over $4.7 million of its Ether, according to the company, and expects to generate annualized staking revenues of $276 million
Summary
The Ether buying company Bitmine Immersion Technologies has made its biggest purchase so far in 2026 as its chairman, Tom Lee, doubled down on the idea of an impending crypto supercycle. Lee said Tuesday that in the past week, Bitmine bought 111,942 Ether (ETH) after a recent pullback sent the token below $2,200 and presented an “attractive opportunity.” Ether has traded between $2,025 and $2,147 over the past seven days. He also reiterated his theory of a supercycle ahead for crypto and Ether, driven by Wall Street’s interest in tokenization and artificial intelligence-powered agents. “The team continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic AI.