Tom Lee Says Bitmine Bought 111,942 Ether as Ether Could Reach $250,000

Tom Lee, head of Research at Fundstrat and chairman of Bitmine Immersion Technologies (BMNR), told a keynote at the Proof of Talk conference in Paris that ether could eventually reach $250,000 as tokenization and AI drive a shift in financial infrastructure.

“Tom Lee predicts ether will hit $250,000 as corporate validators take over network control The Bitmine chairman said DeFi and AI could push the Ethereum network's value into the multi-trillion range, making current prices “future optionality at a discount””

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The CoinDesk account of his remarks says Bitmine bought 111,942 ether (ETH) worth around $237 million at current prices, lifting its holdings to almost 5.4 million ETH, about 4.47% of ether’s circulating supply.

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In the Yellow report, Bitmine is described as having bought 26,659 Ether (ETH) and raised its treasury to more than 5.2 million tokens, with its staking of more than 4.7 million ETH valued at about 11.1 mil millones de dólares.

Yellow also says Bitmine’s treasury totals 13.4 mil millones de dólares, including 201 Bitcoin (BTC) and 775 millones de dólares en efectivo, while CoinDesk says ether on Tuesday was changing hands at $1,906, down 6% over the past 24 hours.

CoinDesk quotes Lee arguing that “Robots are already going to dominate most traffic on the internet,” and says blockchain would be “much more effective than traditional rails for controlling what robots do.”

In the same CoinDesk account, Lee points to the Ethereum Foundation shrinking its network holdings down to just 100,000 ETH, accounting for 0.1% of the total supply, while corporate entities like Bitmine and Sharklink collectively control 7% of the circulating Ethereum supply.

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Yellow frames Lee’s message as the start of a new “primavera cripto,” saying he told conference attendees that the market bajista se está desvaneciendo and that Bitmine is moderating its pace toward a long-term goal of owning the 5% of all ETH.

Yellow also says Lee projected annualized staking rewards of 352 millones de dólares once the entire position is staked, and it adds that Bitmine’s staking rate is approximately 90% of its ETH holdings.

CoinDesk reports that Lee announced a regulatory milestone for Bitmine, saying “Bitmine also meets the eligibility criteria to be added to the Russell 1000,” with the inclusion date given as June 26.

“Blog›Crypto Market›Price Prediction›Ethereum price projections Having faced many obstacles such as hard forks, community criticisms, and the emergence of competing companies, the cryptocurrency Ethereum remains second in the ranking behind the king of cryptocurrencies, Bitcoin”

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CoinDesk ties that index decision to a scale of “over $4 trillion worth” of funds benchmarked to the Russell 1000, and it says Lee argued that holding an active corporate validator stock outperforms buying spot ETH, with spot returning 22% over a baseline six-month stretch versus Bitmine’s staking architecture returning 500%.

In the Yellow report, Lee is quoted setting a price condition for a third consecutive monthly increase, saying “Si ETH cierra por encima de 2,100 dólares a finales de mayo,” it would be the third such increment.

Yellow also says ETH was trading near $2,380 at the start of May, up about 16% versus the prior month, while it describes Bitmine’s prior weekly purchases exceeding 100,000 ETH during three consecutive weeks before a Monday pullback.