Bitmine increased its ETH holdings by 32,977 last week, Tom Lee bullish on Ethereum's outlook in 2026

**Bitmine Reports $14.2B in Holdings, Crypto Assets on Jan 5** (Official sources) Bitmine announced Wednesday (Jan. 5) that its combined holdings of cryptocurrency, cash reserves, and "potential project" assets have reached $14.2 billion. As of 9:00 PM EST on Jan. 4, the company’s holdings include: - 4,143,502 ETH - 192 BTC - $25 million in equity in Eightco Holdings (Nasdaq: ORBS) — classified as a "potential project" - $9.15 billion in cash Bitmine’s ETH holdings account for 3.43% of Ethereum’s total supply (120.7 million). Thomas "Tom" Lee, Bitmine Chairman and Fundstrat analyst, said the firm is bullish on Ethereum’s 2026 outlook, citing four key factors: 1. Increased U.S. government support for the crypto industry 2. Wall Street’s growing embrace of stablecoins and asset tokenization 3. Rising demand for identity verification and traceability in the complex AI era 4. Accelerated crypto adoption among younger generations Lee added that 2025’s surge in commodity and precious metal prices — a trend often linked to crypto valuations — signals a positive 2026 trend for digital assets. He further noted: "While overall stock and crypto market activity slowed in the final week of 2025, we added 32,977 ETH to our holdings that week. Our analysis shows Bitmine is accumulating ETH faster than other Ethereum reserve institutions, and we remain the world’s largest ‘new capital’ buyer of ETH."