Bitmine chairman Tom Lee said the likelihood of Ethereum facing a protocol funding crisis is “zero,” adding that “Funding secured,” in response to concerns raised by Ethereum core developer Trent Van Epps.

According to ChainCatcher, Van Epps published a long post arguing Ethereum is entering a critical institutional turning point, citing issues including legitimacy allocation, the evolution of governance structures, and the potential for a protocol funding crisis.

ChainCatcher data said Bitmine has recently been increasing its Ethereum holdings on a weekly basis, with total holdings now exceeding 5.62 million ETH.