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Bitmine buys $238M in Ethereum as Tom Lee declares a new 'crypto spring' amid regulatory progress.

Market News
04 May 2026
Coindesk
View Source
Bullish
pluang ai news

Bitmine, the largest Ethereum treasury firm, purchased 101,745 ETH last week, raising its total holdings to over 5.18 million ETH, about 4.29% of all Ethereum. Chairman Tom Lee announced a 'crypto spring' is underway despite cautious investor sentiment, citing progress on the U.S. CLARITY Act as a key regulatory catalyst. Bitmine also stakes over 4.36 million ETH, generating nearly $300 million in annualized revenue. Lee highlighted Ethereum's growth driven by tokenization and AI trends, and expects the CLARITY Act to pass in 2026, supporting further crypto market recovery.

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