TechFlow News, May 27: According to a Cointelegraph report, Tom Lee, Chairman of Bitmine Immersion Technologies, stated that the company purchased 111,942 ETH last week—the largest single-week purchase since 2026—shortly after ETH fell below $2,200. Lee reiterated his expectation of a “super cycle” for both the broader cryptocurrency market and Ethereum, driven by factors including Wall Street’s advancement of tokenization and the development of AI agents.
Bitmine currently holds nearly 5.4 million ETH and aims to hold approximately 5% of Ethereum’s circulating supply—over 6 million ETH. Additionally, the company has staked a portion of its ETH holdings and expects to generate annualized staking income.
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