Tom Lee predicts Ethereum will rise to $250,000; BitMine increases ETH holdings by $100 million

Source: PortaldoBitcoin Original Title: Tom Lee predicts Ethereum at US$ 250,000 while BitMine purchases US$ 100 million in ETH Original Link: BitMine increases holdings by 32,977 ETH in the last week of 2025, worth approximately $104 million, the company announced on Monday.

This purchase raises its total reserves to over 4.14 million ETH, currently valued at more than $13 billion. Its reserves now account for about 3.4% of Ethereum’s circulating supply, still about 1.9 million ETH short of the company’s announced 5% target.

“During the last week of 2025, overall trading activity in stocks and cryptocurrencies declined, but we still acquired 32,977 ETH during this period,” said BitMine Chairman Lee in a statement.

“Our analysis shows that compared to other Ethereum digital asset wallets, BitMine continues to accelerate its Ethereum accumulation. We remain the world’s largest ‘new funds’ ETH buyer,” he added.

The company’s purchase announcement follows Chairman Lee’s optimistic prediction for Ethereum’s price. In a speech on Friday, Lee forecasted ETH reaching US$ 250,000, a 7,760% increase from the current price of $3,180. Ethereum has risen nearly 9% over the past week.

Lee also predicts the future stock price of BMNR to be $5,000 per share based on its relationship with Ethereum’s price. However, this estimate does not account for a stock split, which is a key focus for the company as it seeks shareholder approval to increase authorized shares from 500 million to 50 billion.

“BitMine needs to increase the number of authorized shares mainly to allow the company to selectively issue shares for capital market activities, accommodate future stock splits (as ETH approaches our long-term target), and enable us to consider selective acquisitions,” Lee stated.

The company lists increasing the number of shares as the most important reason for the stock split, emphasizing the importance of keeping the stock price accessible to the public and maintaining it around $25. Lee’s statement encourages all shareholders to vote in favor of the proposal before January 14.

Other proposals at the annual meeting include electing eight directors and implementing special compensation and incentive plans.

The Ethereum asset management company’s stock rose about 4% on Monday, with a recent trading price of $32.49, up nearly 14.8% over the past five trading days.

The company remains the largest Ethereum asset manager and the second-largest publicly traded cryptocurrency asset management firm, second only to Bitcoin Asset Management, which holds about $63 billion in Bitcoin.

In addition to $13 billion in ETH, BitMine also holds approximately $915 million in cash and 192 Bitcoin, valued at about $18 million.