Tom Lee Says Crypto Bull Market Underway as Bitmine Buys 27,562 ETH, Nears 5% Supply

Bitmine's approach to its stated 5% target is the notable part: this is accumulation executed at scale and disclosed publicly, which turns a single corporate treasury into a visible, price-insensitive bid for ETH. That matters less for any one purchase than for the signal it sends about how listed vehicles now treat large-cap crypto as a balance-sheet allocation rather than a trading position. The open question is whether the 5% target proves a ceiling or a waypoint, and whether other treasuries follow the same disclosure playbook.