Tom Lee: The crypto bull market has started at the end of June, institutions are still underweight and are expected to increase their holdings before the end of the year

PANews reported on September 29 that according to PRNewswire, Tom Lee, chairman of Bitmine, said that the total amount of ETH currently held by Bitmine has exceeded 6 million, and this accumulation has been completed in less than 15 months. The holding size has reached close to 5% of the total supply of ETH. The company has seen the resulting synergy and network effects. Tom Lee also said that the new round of crypto bull market has actually started at the end of June, and there are still signs to confirm it; he believes that institutional investors are still underweight crypto assets and are expected to increase related exposure in the last few months of 2026. So far in the third quarter, ETH has outperformed other macro assets by 6,728 basis points.