# What's Next for Bitmine after 5% of ETH? | Chairman Tom Lee

Page: https://stenobird.com/podcast/bankless-357756/what-s-next-for-bitmine-after-5-of-eth-chairman-tom-lee
Text version: https://stenobird.com/podcast/bankless-357756/what-s-next-for-bitmine-after-5-of-eth-chairman-tom-lee.md
Podcast: [Bankless](https://stenobird.com/podcast/bankless-357756)
Published: 2026-08-24T10:30:00+00:00
Episode link: https://pscrb.fm/rss/p/episode.flightcast.com/01M0SDRW2RZW9M562KKYYS40Z6.mp3
Audio file: https://pscrb.fm/rss/p/episode.flightcast.com/01M0SDRW2RZW9M562KKYYS40Z6.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/what-s-next-for-bitmine-after-5-of-eth-chairman-tom-lee
Duration seconds: 4068

## Resource

BitMine is within reach of owning 5% of ETH after more than 60 consecutive weeks of purchases, and Tom Lee believes the larger Ethereum trade may only be beginning. He joins David to explain how BitMine accumulated nearly 5% without debt, why it sometimes chooses stock buybacks over additional ETH, what happens when the target is reached, and whether the company would ever sell. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/bitkey 📊BITGET | TOKENIZED STOCKS 2.0 https://bankless.cc/bitget-stocks 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS CONTENT MCP https://www.bankless.com/premium --- TIMESTAMPS 0:00 BitMine’s Rapid March Toward 5% of ETH 3:36 More Than 60 Consecutive Weeks of ETH Purchases 5:29 Where BitMine’s Capital Comes From 8:27 What Happens When BitMine Reaches 5%? 13:47 Would BitMine Ever Sell Its ETH? 15:29 Maven and BitMine’s Evolution Beyond a Treasury Company 16:52 Ethereum’s Next Narrative 23:06 Does Ethereum Actually Capture Value? 29:13 Is ETH a Store of Value or a Cash-Flowing Asset? 35:19 What BitMine Has Learned From Michael Saylor 37:42 Why BitMine Issued BMNP 42:13 The Proposal That Could Reduce Staking Yield to Zero 47:54 Funding Ethereum Foundation Spinouts 53:23 BitMine’s Role in Ethereum’s Future 1:02:14 Is AI Crowding Crypto Out of the Market? 1:05:11 Has the Crypto Market Already Bottomed? 1:06:18 Tom Lee’s ETH Price Outlook --- RESOURCES Tom Lee https://x.com/fundstrat --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

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