Bitmine is setting its sights on a bold goal — securing ownership of 5% of Ethereum’s total supply.
Director Tom Lee says the move reflects his belief that ETH represents one of the most significant macro investment opportunities of the coming decade.
Speaking to Bankless, Lee compared Ethereum’s current market position to Bitcoin in 2017, when the leading cryptocurrency traded sideways for months before soaring in the final stretch of the year. He believes Ethereum is now at a similar inflection point, with prices that remain attractive compared to its long-term potential.
Aggressive Accumulation Strategy
Bitmine has been steadily buying ETH around the $3,500 mark, with Lee projecting a short-term move to $4,000 and a possible rally into the $7,000–$15,000 range before the year closes.
The company’s approach is backed by a strong balance sheet and daily trading volumes of $1.6 billion, which Lee says are fueling rapid expansion.
Beyond ETFs: Building Core Ethereum Infrastructure
According to Lee, holding substantial Ethereum reserves offers benefits that go beyond simply mirroring ETF exposure. The assets can be staked to generate yield, while also supporting the blockchain’s infrastructure and liquidity. In his view, these reserves will become a crucial backbone for the ecosystem as institutional interest grows.
With deep liquidity, a high-volume trading operation, and a clearly defined acquisition target, Bitmine is positioning itself to become one of Ethereum’s most influential stakeholders — a move that could have ripple effects across the broader crypto market.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/ethereum-could-hit-15k-this-year-says-bitmine-director/