BlockBeats news, on September 7, Bitmine Chairman Tom Lee recently stated that Ethereum (ETH) is more like "digital land" than cash. Lee believes that the core value of high-quality assets lies in their store-of-value capability—that is, investors trust them to reliably preserve and allocate capital over the long term.
Lee noted that stocks can serve as a store of value because investors purchase them expecting companies to manage capital effectively; real estate, on the other hand, possesses both store-of-value and cash flow characteristics, generating income through rental yields. Within this framework, he argues that Ethereum is more akin to stocks or land, with its long-term value deriving primarily from the network itself as foundational infrastructure.
Bitmine has increased its holdings for 65 consecutive weeks. As of August 30, 2026, its total Ethereum holdings reached 5,901,112 ETH, accounting for approximately 4.9% of Ethereum’s total supply.