Tom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether

Bitmine chairman Tom Lee believes an estimated $1.5 trillion to $2 trillion in wealth transfers between 2026 and 2028 could drive crypto demand, as inheritors are younger and likely have a higher risk appetite. Last week Bitmine bought another 12,532 ETH, worth about $32 million, lifting its holdings to 6,028,946 ETH (about $15.3 billion), or roughly 4.9% of ether's 122.1 million supply. The firm is about 76,000 ETH short of its 5% goal, which at last week's pace could be reached in about six weeks, after which Lee said it will stop buying. Bitmine has staked about 5.07 million ETH, or 84% of its holdings, projecting roughly $336 million in annualized staking revenue.

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