Tom Lee: "Crypto Bull Underway - This Cycle Likely The Largest" | Bitmine Chairman's Message

Tom Lee: "The Crypto Bull Market Is Underway, and This Cycle Is Likely the Largest" | Bitmine Chairman's Message, October 2026 Tom Lee, Chairman of Bitmine Immersion Technologies $BMNR $BMNP and co-founder of @FundstratCapital @Fundstrat_Direct, explains why a full-blown crypto bull market is underway, why this cycle could be the biggest crypto has ever seen, and why Bitmine is positioned to outperform Ethereum as it nears its 5% target. In this episode of The Chairman's Message, Tom Lee covers: Why the bull market is underway: Franklin Templeton and Fidelity are calling it, Bitcoin moved back above its 200-day moving average on August 19, and Bitcoin ETF flows turned positive for the year The 200-day signal: since 2010, when Bitcoin trades above its 200-day, the average 6-month forward return is 193%, with a win ratio of 80% Crypto crushed macro assets in Q3: Ethereum beat the S&P 500 by 6,500 basis points despite a hawkish Fed, surging oil and rising bond yields Tokenization is the institutional wave: earlier cycles were driven by ICOs and NFTs, mostly retail money. Now BlackRock, JPMorgan and Robinhood are building on Ethereum, and moving 10% of global assets onchain would create a $16 trillion market The $100 trillion wealth transfer: $1.5 to $2 trillion could be inherited during this cycle, shifting allocations toward digital assets and equities DATs are a friend in a bull market: Ethereum treasuries hold roughly $21 billion of ETH, about 7% of the network, which absorbs supply Crypto is an AI downstream story: AI agents will carry digital wallets, and crypto keeps humans in the loop Bitmine nearing its 5% hard cap: close to 6 million ETH, all of it accumulated during the bear market, with about 100,000 ETH left to go Outperforming ETH: 53,500 basis points of outperformance since inception The largest crypto buyback ever: 21 million shares and $350 million, completed August 17 BMNP perpetual preferred: up about 24% while Treasuries, investment grade and high yield all fell Scale advantages: MAVAN, the largest single staking operator in the world (about $1 million per day in staking rewards), Eightco, Beast Industries, and Bitmine as lead investor in the Ethereum Foundation spinoffs ETH Labs, Ethereum Institutional and ETH Systems Bitmine is building the world's premier Ethereum Treasury under its "Alchemy of 5%" strategy: accumulate 5% of the ETH supply and serve as the bridge between the Ethereum ecosystem and Wall Street. ⏱️ Chapters 0:00 Intro 0:20 Part 1: Why a Crypto Bull Market Is Underway 2:09 Why This Cycle Could Be the Largest 2:17 Tokenization: The Institutional Wave 3:44 The $100 Trillion Wealth Transfer 4:53 DATs Are a Friend in a Bull Market 5:34 Crypto Is an AI Downstream Story 6:01 Part 2: Why Bitmine Is Positioned to Outperform 6:53 Approaching the 5% Target 7:44 53,500 bps of Outperformance vs. ETH 8:17 The Largest Crypto Buyback Ever 8:41 BMNP Perpetual Preferred 9:26 MAVAN, Eightco, Beast Industries & EF Spinoffs 10:35 Closing: Charlie Munger, the Original HODLer 📈 Investor Presentation & Investor Relations: 👉 Investor Deck: https://www.bitminetech.io/chairmans-... 👉 Contact Us: https://www.bitminetech.io/contact 🔗 Follow Us on X: https://x.com/BitMNR https://x.com/fundstrat https://x.com/MAVAN_BMNR Recorded: October 5, 2026 Disclaimer: This video is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities. About Bitmine Immersion Technologies (NYSE: BMNR, NYSE: BMNP) Bitmine Immersion Technologies is the world's largest Ethereum treasury company. As of October 2026, Bitmine holds close to 6 million ETH and is nearing its 5% hard cap on the Ethereum supply. Founded June 30, 2025, Bitmine pursues an "Alchemy of 5%" strategy and operates MAVAN, the Made in America Validator Network, the world's largest single institutional Ethereum staking operator. About Tom Lee Thomas Lee is Chairman of Bitmine Immersion Technologies, co-founder and Head of Research at Fundstrat Global Advisors, and CIO at Fundstrat Capital. He is one of Wall Street's most-followed strategists on equity markets and digital assets. #Ethereum #ETH #Bitmine #BMNR #TomLee #Fundstrat #CryptoBullMarket #Tokenization #Bitcoin #MAVAN #Crypto #AlchemyOf5 #BMNP