BlockBeats News, May 11th, Bitmine Chairman Tom Lee stated in a shareholders' letter that the "Crypto Spring" has begun. He mentioned that despite the current market sentiment still being bearish, cryptocurrency prices are continuing to strengthen, similar to the characteristics of the early stages of a historical cycle.

Tom Lee believes that Ethereum is benefiting from two major long-term trends: first, Wall Street's ongoing efforts to bring real-world assets (RWA) onto the blockchain, and second, the rapid growth in demand for "public, neutral blockchains" by Agentic AI systems. He stated that AI agents of the future will require a native Internet financial infrastructure, with Ethereum at the core of this trend.

BitMine increased its Ethereum holdings by approximately 26,790 coins last week. As of May 10, 2026, its total Ethereum holdings have reached 5,206,790 coins, accounting for about 4.31% of the total Ethereum supply.