Tom Lee: ETH's recent drop below $2,200 is a "compelling buying opportunity"
BlockBeats News, May 18, Bitmine Immersion Technologies Chairman Tom Lee stated in the latest shareholder letter that the company added 71,672 ETH to its holdings last week and believes that ETH's recent drop below $2,200 presents an "attractive buying opportunity."
Tom Lee mentioned that with the recent Senate Banking Committee hearing on the US "CLARITY Act," the crypto industry is gradually gaining a crucial regulatory framework. He believes that the probability of the bill being formally passed in the future is "higher than the current 61% pricing on Polymarket."
As of May 17, 2026, Bitmine holds a total of 5.28 million ETH, accounting for approximately 4.37% of the current Ethereum total supply, achieving about 87% of its goal to hold 5% of the ETH supply.
Among these holdings, the company has staked 4.7129 million ETH, calculated at an ETH price of $2,191, with a value of around $10.3 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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