BitMine Chairman Lee is projecting substantial appreciation for Ethereum, driven by accelerating institutional accumulation and tokenization initiatives. The cryptocurrency investment firm currently holds 625,000 ETH, valued at nearly $2.8 billion, and intends to accumulate 5% of Ethereum’s total supply through an ongoing $1 billion stock buyback program.
Lee highlighted Wall Street’s adoption of tokenization as a pivotal factor boosting Ethereum’s institutional appeal. This movement enhances liquidity and regulatory compliance parameters for investors. Based on Ethereum’s fundamental network metrics and rising institutional interest, Lee calculates the cryptocurrency’s fair value at $15,000—significantly above its current trading price of $3,700.
In parallel, Lee forecasts Bitcoin climbing to $250,000, propelled by macroeconomic dynamics and anticipated Federal Reserve policy adjustments. BitMine’s strategic expansion into Ethereum mirrors broader industry trends toward institutional cryptocurrency adoption and deepening market confidence in core blockchain assets.