[Tom Lee: Crypto Bull Market Started at the End of June, Institutions Likely to Increase Holdings by Year-End] According to PRNewswire, Bitmine Chairman Tom Lee stated that Bitmine's current holdings of ETH have surpassed 6 million tokens, achieving this accumulation in less than 15 months. The holdings now account for nearly 5% of ETH's total supply, and the company has observed the resulting synergies and network effects. Tom Lee also mentioned that a new round of the crypto bull market actually began at the end of June, with ongoing signs to support this claim. He believes institutional investors are still under-allocated in crypto assets and are expected to increase their exposure in the final months of 2026. As of the third quarter to date, ETH has outperformed other macro assets by 6,728 basis points.