Bitmine Immersion Technologies, under the leadership of Tom Lee, has decelerated its Ethereum (ETH) acquisition strategy, aiming to secure a 5% market share by December. Currently, Bitmine holds 5,206,790 ETH, valued at approximately $11.89 billion, representing 4.31% of the total supply. The company has adjusted its weekly purchase rate from over 100,000 ETH to a slower pace, with the goal of reaching the 5% target by late 2026. Lee anticipates a "crypto spring," suggesting a potential bullish phase for the market. He highlighted Ethereum's strong position, noting that if ETH closes above $2,100 by the end of May 2026, it would mark a third consecutive monthly gain, signaling a possible end to the bear market. Bitmine has also staked 4,712,917 ETH, with expected annual staking rewards of $352 million. Despite a recent 1.78% drop in ETH's price to $2,292.56, Bitmine's stock rose by 3.83%, trading at $23.02.