Bitmine’s Tom Lee is making a bold call: ether’s recent strength is tied to the Clarity Act’s odds of passing. And he’s got the numbers to back it up.
Bitmine dropped $74 million last week to scoop up 42,197 ETH. That brings their total treasury to over 5.7 million ether — roughly 5% of all ETH in circulation. Yeah, you read that right.
Lee argues that regulatory clarity — specifically the Clarity Act — is driving institutional confidence. If the bill passes, it’d give clear rules for crypto assets in the US. That’s the kind of signal big money’s been waiting for.
Bitmine isn’t just buying ether. They’re betting big that clearer regulation will bring more institutional players into the space. And so far, that bet’s working. Their treasury position alone makes them one of the largest corporate ETH holders around.
The question is whether the Clarity Act actually passes. If it does, Lee’s thesis gets validated. If it doesn’t? Well, Bitmine’s sitting on a massive pile of ETH either way.
