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

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.