Tom Lee: Bitmine may not need to acquire over 5% of ETH supply

Bitmine (BMNR) may not need to acquire more than 5% of Ethereum's circulating supply, according to Chairman Tom Lee. Bloomberg ETF analyst Eric Balchunas reported that Lee compared blockchain investment to holding real estate and predicted that agentic AI will eventually use blockchain for speed and reliability. Lee also noted that Bitmine is likely to be included in the Russell 1000 index at the end of this month, a move that could help stabilize its stock price. The company currently holds 4.59% of Ethereum's total circulating supply.