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Tom Lee: "The crypto spring" is coming, maintaining the goal of 5% ETH holdings by the end of 2026
Deep Tide TechFlow News, on May 11th, BitMine Chairman Tom Lee stated that ETH is currently above $2,100.
If it closes above this level at the end of the month, it will be a three-month consecutive increase unprecedented in the crypto bear market, serving as an official confirmation signal that the “crypto spring” has arrived.
He also pointed out that ETH price trends are highly correlated with software stocks, with both rising in tandem over the past few months.
The recovery of software stocks further confirms this judgment.
Lee said that the company has decided to slow down the weekly accumulation pace from over 100k tokens, because at the original pace, it would have completed the goal of holding 5% of the total ETH supply by mid-July ahead of schedule, whereas the company initially planned to achieve this goal by the end of 2026.
He also stated that since 2026, BitMine has accumulated over 1 million ETH, which is equivalent to removing 4.3% of ETH from circulating supply since June 2025, causing ETH supply to exhibit a deflationary trend since June 2025.