BitMine increased its ETH holdings by 24,266 coins last week, and Tom Lee predicts that 2026 will be the year of crypto price recovery.

January 12 — BitMine announced today that the combined value of its cryptocurrency holdings, cash reserves, and "potential project" investments has reached $14 billion, per official sources. As of 7:00 p.m. EST January 11, the company’s holdings include: - 4,167,768 Ethereum - 193 Bitcoin - A $23 million investment in Eightco Holdings (Nasdaq: ORBS) via a "potential project" - $9.88 billion in cash BitMine’s Ethereum holdings account for 3.45% of the current total Ethereum supply (120.7 million tokens). “2026 heralds several positive trends for the crypto space, with stablecoin adoption and asset tokenization poised to make blockchain Wall Street’s settlement layer — a shift that will particularly benefit Ethereum,” said BitMine Chairman and Fundstrat analyst Thomas “Tom” Lee. “We still view the leverage reset following the October 10, 2025, pullback as a ‘mini crypto nuclear winter.’ 2026 will mark a crypto price recovery, with even stronger growth expected in 2027–2028.” Lee added: “Over the past week, we added 24,266 Ethereum tokens to our holdings and grew our cash position by $73 million. BitMine selectively issues shares at prices above its adjusted net asset value (NAV); we remain the world’s largest ‘new money’ buyer of Ethereum. Once MAVAN launches commercial operations, we will emerge as the largest staking service provider across the crypto ecosystem.”