BitMine President Tom Lee Declares Start of Crypto Bull Market

Tom Lee, president of BitMine Immersion Technologies, stated that a new cryptocurrency bull market began in late June 2026. Speaking at Korea Blockchain Week 2026, Lee attributed the trend to capital rotation from AI-related stocks into crypto, the growth of tokenization, and a potential shift in Bitcoin's traditional four-year cycle. BitMine, listed on the NYSE American under the ticker BMNR, currently holds over 6 million ETH, representing approximately 4.9% of the circulating supply, with more than 5 million ETH staked. Additionally, the company has increased its share buyback program from $1 billion to $4 billion.