Tom Lee Reiterates Bullish Outlook on Ethereum: Due to Supply Contraction, BitMine May Only Need to Hold No More Than 5% of Total Supply

Tom Lee Reiterates Bullish Outlook on Ethereum: Due to Supply Contraction, BitMine May Only Need to Hold No More Than 5% of Total Supply

2026-06-11 08:11View Original

ChainThink report, June 11: Tom Lee made remarks at a DACFP conference targeting investment advisors.

The current financial system is built on a multi-layered tech stack, rife with "false or fraudulent transactions." In contrast, Ethereum (ETH) and Bitcoin (BTC) have never experienced fraudulent transactions at the blockchain layer, and blockchain operations incur lower costs.

Tom Lee further emphasized that investing in blockchain is akin to holding real estate assets; future "agent-based AI" will rely on blockchain to achieve higher speed and prevent system runaway.

He also noted that ETH supply is contracting, and BitMine may not need to hold more than 5% of the total ETH supply.

Additionally, Tom Lee stated that BitMine may be included in the Russell 1000 Index by the end of June, which could provide stability support to its stock price. He also mentioned the company's equity stake in MrBeast-related financial ventures.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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