Tom Lee: The crypto winter is about to come to an end, and BitMine is accelerating its purchases of Ethereum

Ethereum reserve firm BitMine has recently accelerated its purchases of ETH, with its ETH holdings surpassing 4.8 million coins and its asset base reaching $11.4 billion. Company chairman Tom Lee believes that the mini-crypto winter is nearing its end, while ETH’s current price has not yet reflected its high utility and its position as a future direction for financial development.

BitMine Accelerates Buying ETH

BitMine disclosed its latest crypto holdings yesterday. As of April 6, BitMine holds assets worth $11.4 billion, including:

4,803,334 ETH

198 Bitcoins

$92 million in Eightco Holdings stock (ORBS)

$200 million in Beast Industries shares

$864 million in unallocated cash

Over the past week, BitMine acquired 71,252 ETH, the fastest purchase pace since the week of December 22, 2025. Its holdings have accounted for 3.98% of Ethereum’s total supply, reaching 79% of the “5% mining magic” in just nine months.

The mini-crypto winter is nearing its end—accelerating additional ETH buys

Chairman Tom Lee said:

“The Iran war has entered its sixth week, and this war is still the most important driver in global markets. Since the war began, Ethereum (ETH) has remained the second-best performing asset, rising 6.8%, which is 1130 basis points higher than the S&P 500 Index”

Tom Lee believes this pullback is highly attractive; therefore, BitMine has been buying Ether. He expects Ethereum’s leading position will strengthen investors’ confidence and ultimately pull capital back from a wait-and-see stance. He believes ETH is in the final stage of the “mini-crypto winter,” so it continues to accelerate its ETH purchases. Ethereum benefits from two major tailwinds: Wall Street tokenizing assets on blockchains and growing demand for Agentic AI on public and neutral blockchains. Currently, the price still does not reflect its high utility and its position as a future direction for financial development.

BMNR to move to the New York Stock Exchange

BitMine announced that it will transfer its stock BMNR from NYSE American (New York Stock Exchange American) to the New York Stock Exchange (NYSE) main board, effective at the opening of 4/9. This means the company has met the stricter regulatory standards of traditional exchanges in terms of revenue scale, overall market capitalization, and corporate governance.

According to Fundstrat data, the stock’s average daily trading value is $987 million (the 4-day average as of April 2, 2026). It ranks 96th among 5,704 listed stocks in the U.S., behind Schlumberger (ranked 95th) and ahead of Adob​​​​e (ranked 97th).

BMNR’s share price surged nearly 6% yesterday, returning to above $20.6, but it is down more than 80% from its $135 high.

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