BMNR's Tom Lee Predicts Crypto Winter Could Conclude as Oil Risks Reach Their Highest – Bitmine Increases ETH Holdings by Over 70,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
0mins
Source: stocktwits
Bitmine's Ethereum Acquisition: Bitmine has acquired over 78% of its goal to obtain 5% of Ethereum's total supply, recently adding approximately 71,179 ETH to its holdings, bringing the total to around 4.7 million ETH.
Market Trends and Predictions: Chairman Tom Lee indicated that the cryptocurrency market is nearing the end of a "mini-crypto winter," with rising oil prices being a significant factor influencing market dynamics.
Stock Performance: Shares of Bitmine rose nearly 5% following the announcement of its Ethereum holdings, while the overall sentiment in the cryptocurrency market remains cautious, with retail sentiment shifting to a neutral stance.
Company Valuation and Future Plans: Bitmine's balance sheet is valued at $10.7 billion, including significant stakes in Bitcoin and Ethereum, and the company is set to launch the largest Ethereum staking network globally, named Made in America Validator Network (MAVAN).
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Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 16.520
Low
39.00
Averages
43.00
High
47.00
Current: 16.520
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. Its business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support. It also operates Made-in America VAlidator Network (MAVAN).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tom Lee Calls Ether Pullback a Buying Opportunity
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- Bitmine's Ether Holdings: As the world's largest corporate holder of Ethereum, Bitmine currently holds 5.54 million Ether tokens, accounting for 4.6% of its circulating supply, positioning the company significantly in the cryptocurrency market and laying the groundwork for future revenue growth.
- Ethereum Ecosystem Expansion: Following its transition to a more energy-efficient proof-of-stake mechanism in 2022, Ethereum has attracted nearly 32,000 active developers, becoming the largest blockchain developer ecosystem, and is expected to enhance its scalability and efficiency through three major upgrades in the future.
- Market Volatility and Investment Strategy: Lee describes Ether's pullback as a “bloodbath buying opportunity,” with Bitmine aggressively ramping up its purchases this month and staking most of its tokens through its proprietary MAVAN validator network to earn substantial yields, demonstrating a proactive investment strategy amid market fluctuations.
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- Second Weekly Dividend: The company also declared a second weekly cash dividend of $0.105556 per share to be paid on June 26, 2026, further enhancing investor confidence in the company's ongoing profitability.
- Listing Approval: Bitmine's Series A Preferred Stock has been approved for listing on the New York Stock Exchange, with trading set to commence on June 16, 2026, marking a significant step in the company's capital market development.
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- Second Weekly Dividend: The company also announced a second weekly cash dividend of $0.105556 per share, to be paid on June 26, 2026, which enhances investor confidence and indicates the company's ability to maintain stable cash flows.
- NYSE Listing Approval: Bitmine's 9.50% Series A Preferred Stock has been approved for listing on the New York Stock Exchange, with trading expected to commence on June 16, 2026, marking a significant step in the company's capital market development and increasing its market visibility.
- Digital Asset Strategy: Bitmine aims to become the leading Ethereum Treasury company globally, implementing an innovative digital asset strategy that leverages staking and decentralized finance mechanisms, indicating the company's forward-looking approach in the digital asset space.
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- Ether Price Forecast: Tom Lee anticipates that Ether's price will soar to $22,000 in the coming years and reach a long-term target of $62,000 to $250,000, representing a potential 14,870% increase from its current price, reflecting his strong bullish stance on Ether.
- Bitmine's Ether Holdings: As the world's largest corporate holder of Ethereum, Bitmine currently holds 5.54 million Ether tokens, accounting for 4.6% of its circulating supply, positioning the company significantly in the cryptocurrency market and laying the groundwork for future revenue growth.
- Ethereum Ecosystem Expansion: Following its transition to a more energy-efficient proof-of-stake mechanism in 2022, Ethereum has attracted nearly 32,000 active developers, becoming the largest blockchain developer ecosystem, and is expected to enhance its scalability and efficiency through three major upgrades in the future.
- Market Volatility and Investment Strategy: Lee describes Ether's pullback as a “bloodbath buying opportunity,” with Bitmine aggressively ramping up its purchases this month and staking most of its tokens through its proprietary MAVAN validator network to earn substantial yields, demonstrating a proactive investment strategy amid market fluctuations.
See More
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- Initial Cash Dividend: Bitmine announced an initial cash dividend of $0.316667 per share to be paid on June 22, 2026, reflecting accumulated regular dividends since the initial issue date of June 10, 2026, demonstrating the company's commitment to shareholder returns.
- Second Weekly Dividend: The company also declared a second weekly cash dividend of $0.105556 per share to be paid on June 26, 2026, further enhancing investor confidence in the company's ongoing profitability.
- Listing Approval: Bitmine's Series A Preferred Stock has been approved for listing on the New York Stock Exchange, with trading set to commence on June 16, 2026, marking a significant step in the company's capital market development.
- Digital Asset Strategy: Bitmine is implementing an innovative digital asset strategy focused on Ethereum as its primary treasury reserve asset, planning to engage institutional investors through its MAVAN validator network, showcasing the company's forward-looking positioning in the digital asset space.
See More
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- Initial Cash Dividend: Bitmine's Board of Directors has declared an initial cash dividend of $0.316667 per share, payable on June 22, 2026, which reflects accumulated regular dividends since the initial issue date of June 10, 2026, demonstrating the company's commitment to shareholder returns.
- Second Weekly Dividend: The company also announced a second weekly cash dividend of $0.105556 per share, to be paid on June 26, 2026, which enhances investor confidence and indicates the company's ability to maintain stable cash flows.
- NYSE Listing Approval: Bitmine's 9.50% Series A Preferred Stock has been approved for listing on the New York Stock Exchange, with trading expected to commence on June 16, 2026, marking a significant step in the company's capital market development and increasing its market visibility.
- Digital Asset Strategy: Bitmine aims to become the leading Ethereum Treasury company globally, implementing an innovative digital asset strategy that leverages staking and decentralized finance mechanisms, indicating the company's forward-looking approach in the digital asset space.
See More
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- Asset Portfolio Overview: As of June 10, 2026, Eightco Holdings reports total assets of approximately $406 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries shares, and 283 million WLD assets, showcasing a robust positioning in digital assets.
- OpenAI IPO Prospects: Eightco's indirect investment in OpenAI is expected to provide investors with a unique opportunity ahead of the company's IPO, further solidifying its strategic position in the artificial intelligence sector.
- Digital Identity Innovation: Eightco holds over 283 million WLD, representing about 8.4% of the circulating supply, making it the largest publicly reported institutional holder globally, indicating its leadership in the digital identity verification market and potential for future revenue growth.
- Creator Economy Investment: Eightco's $18 million investment in Beast Industries, accounting for 4% of its assets, leverages MrBeast's extensive influence, which is expected to enhance its competitiveness in the content creation economy, especially as AI-driven content production becomes more prevalent.
See More
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- Price Forecast: Tom Lee anticipates that Ethereum could soar to $22,000 in the coming years, with a long-term target of $62,000 to $250,000, where the high end represents a potential 14,870% increase from its current price, reflecting his strong confidence in Ethereum's future.
- Technical Upgrades: Ethereum transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism in 2022, supporting smart contracts and staking, which has made it the largest blockchain developer ecosystem with nearly 32,000 active developers, enhancing its competitive edge in the market.
- Investment Opportunity: Lee describes Ethereum's recent pullback as a
See More
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- Portfolio Scale: As of June 10, 2026, Eightco Holdings' portfolio totals approximately $406 million, including $90 million in OpenAI shares and $18 million in Beast Industries shares, showcasing the company's robust positioning in digital assets.
- OpenAI IPO Potential: Eightco's indirect investment gives it a 22% stake in OpenAI, with the anticipated IPO expected to provide investors direct access to this pivotal AI company, thereby enhancing Eightco's market appeal.
- Worldcoin Holding Advantage: Eightco holds over 283 million WLD tokens, representing 32% of its assets, making it the largest publicly disclosed institutional holder globally, indicating the company's strategic position in digital identity verification.
- Creator Economy Investment: Eightco's $18 million investment in Beast Industries secures a 4% stake in the creator economy, leveraging MrBeast's influence to capitalize on this trend and enhance its market competitiveness.
See More
