Thomas Lee, president of Bitmine Immersion Applied sciences, indicated this Monday, Could 11, 2026, that he considers that the cryptocurrency market has entered its restoration section. The manager believes that “the spring of cryptocurrencies has begun” and highlighted the significance of proudly owning ether (ETH) as a supply of diversification in funding portfolios.
“If ETH closes above $2,100 on the finish of Could 2026, it could be the third consecutive month of beneficial properties, one thing by no means seen in a cryptocurrency bear market,” Lee detailed. In line with him, an in depth above that worth would verify your speculation.
The chart beneath, shared by BitMine on their X account, highlights with inexperienced circles the occasions when ETH has had bullish months throughout a bearish cycle.
The supervisor additionally recognized underlying structural components. “Wall Avenue’s transition to tokenization and agent-based AI” will drive development, he defined. Within the case of real-world asset (RWA) tokenization, it’s a market that already reaches a capitalization of $30 billion in circulating belongings in the present day.
Bitmine, a publicly traded firm with the most important ETH treasury on the earth, helps this imaginative and prescient with its aggressive ETH accumulation plan. The corporate acquired 26,659 ETH price $63 million final week. Lee primarily based his place on the latest conduct of the value of ether, the native cryptocurrency of the Ethereum community, and on his firm’s actions.
“For the reason that starting of 2026, Bitmine has acquired greater than 1 million ETH and has amassed greater than 4.3% of the full ETH provide,” stated Lee. This technique immediately reduces the quantity of ETH accessible available on the market.
The corporate maintains a long-term retention coverage. “We intend to stake our ETH holdings,” the president stated. To handle these funds, as reported by CriptoNoticias, the agency makes use of its personal staking platform known as MAVAN (Made in America Validator Community), launched in March 2026. Bitmine at present holds 5,206,790 ETH in complete. Of that quantity, it retains 4,712,917 ETH in stake, which represents greater than 90% of its holdings.
“Our ETH holdings are decreasing the accessible provide of ETH and have eliminated 4.3% of the full provide of ETH since June 30, 2025. In different phrases, the availability of ETH has been disinflationary since June 2025,” Lee stated.
Given the tempo reached, The agency determined to cut back the weekly accumulation pricesince their unique aim was to achieve the 5% aim by the tip of 2026. With the earlier tempo of greater than 100,000 ETH weekly, they might have reached the aim in mid-July.
