Tom Lee: ETH Outperforms Macro Assets, Institutions May Increase Holdings

Tom Lee, chairman of Bitmine, stated that the total amount of ETH held by the company has surpassed 6 million coins, achieving this accumulation in less than 15 months, which is close to 5% of the total ETH supply. Lee pointed out that the resulting synergy and network effects are significant. He believes that the crypto market bull run began at the end of June and that there are still signs supporting this view. He noted that institutional investors remain underweight in crypto assets and are expected to increase their exposure in the last few months of 2026. As of the third quarter, ETH has outperformed other macro assets by 6,728 basis points.

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