Tom Lee's crypto treasury company, Bitmine, increased its holdings by 9,926 Ethereum last week, bringing its total holdings to 5.815 million Ethereum, which accounts for approximately 4.8% of the total Ethereum supply. At the current price of $1,904, these tokens are valued at approximately $11 billion. Since its establishment in June 2025, the company has maintained a strategy of purchasing Ethereum weekly. Tom Lee believes that the Ethereum/Bitcoin ratio has broken out of a multi-year downtrend, indicating that investors are beginning to price in the growing demand for Ethereum from tokenization and AI agent applications. He also anticipates that easing financial conditions will serve as a tailwind for cryptocurrencies.