Markets·October 12, 2026 at 11:27 AM EDT·1 source
Tom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether
BMNR -0.4%ETH
BMNR · last 30 trading days-6.0% since the news
News
Estimated wealth transfer$1.5 trillion to $2 trillion
Annualized staking revenue projectionroughly $336 million
What happened
- Tom Lee said a $1.5 trillion to $2 trillion wealth transfer from 2026 through 2028 could support future crypto demand.
- Bitmine bought another 12,532 ETH, bringing holdings to 6,028,946 ETH, or about 4.9% of ether’s supply.
- Bitmine is roughly 76,000 ETH short of its 5% ownership target and could reach it in about six weeks.
Estimated wealth transfer
$1.5 trillion to $2 trillion
Bitmine ETH holdings
6,028,946 ETH
Bitmine share of ether supply
about 4.9%
Annualized staking revenue projection
roughly $336 million
Why it matters
The update matters to markets professionals tracking potential crypto demand and the growing role of corporate digital-asset treasuries. Bitmine’s accumulation and staking strategy may affect ether-market flows and investor sentiment.
What to watch. Bitmine’s progress toward its 5% ether-supply target, which it could reach in about six weeks.
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Who is involved
Tom Lee sees $2 trillion wealth transfer fueling crypto deman…Bitmine Immersion TechnologiesBMNREtherETHFundstratU.S. Internal Revenue ServiceRobinhoodTom LeeVlad Tenev
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