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Tom Lee predicts a 10-15% stock market drop in early 2026 while his firm, BitMine Immersion, increased its Ethereum holdings to $12.2 billion after acquiring another 102,259 ETH.
BitMine Immersion Technologies (BMNR) acquired 102,259 ETH for approximately $320 million, advancing its aggressive strategy to accumulate a significant portion of the total Ethereum supply. The purchase brings the company's holdings to nearly 4 million ETH, solidifying its position as a major institutional force in the digital asset market.
Wall Street strategists are forecasting a bullish 2026 for equities, driven by widespread expectations of Federal Reserve rate cuts. This optimism persists despite the central bank's own cautious projections, with investors pricing in a more accommodative monetary policy to fuel economic growth and corporate earnings.