Tom Lee predicts Ethereum at $250,000 while BitMine purchases $100 million in ETH

Source: PortaldoBitcoin Original Title: Tom Lee predicts Ethereum at US$ 250,000 while BitMine purchases US$ 100 million in ETH Original Link: A Ethereum treasury company added 32,977 ETH, valued at approximately US$ 104 million, during the last week of 2025, announced the company this Monday.

The latest purchase raises its total reserves to over 4.14 million ETH, worth more than US$ 13 billion currently. Its reserves now represent about 3.4% of the circulating supply of Ethereum, leaving the company about 1.9 million ETH short of its declared goal of 5% of the total circulating supply.

“During the last week of 2025, total activity in stocks and cryptocurrencies decreased, yet we acquired 32,977 ETH during this period,” said the company’s president, Tom Lee, in a statement.

“Our analysis shows that we continue to accumulate Ethereum at an accelerated rate compared to other Ethereum digital asset wallets. We remain the world’s largest buyer of ‘new money’ in ETH,” he stated.

The company’s announcement of the purchase follows an optimistic forecast for the price of Ethereum and the company’s (BMNR) stock as part of President Lee’s latest message. In his speech, Lee predicted ETH to rise to US$ 250,000, representing a 7,760% increase over the current price of US$ 3,180. Ethereum rose nearly 9% last week.

Lee also forecasted a future price of US$ 5,000 per share for BMNR based on its relation to Ethereum’s price. However, this estimate does not account for stock splits, an important focus for the company, which is seeking shareholder approval to increase authorized shares from 500 million to 50 billion.

“The company needs the increase in authorized shares mainly to issue shares selectively for activities in the capital markets, accommodate future stock splits (as Ethereum approaches our long-term goals), and allow us to consider selective acquisitions,” Lee said.

The company cited stock splits as the primary reason for increasing the number of shares, emphasizing the focus on keeping the share price accessible to the public and around US$ 25. Lee’s message encouraged all shareholders to vote yes on the proposal by January 14.

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

Ethereum treasury company’s shares rose about 4% on Monday, recently trading at US$ 32.49, with a nearly 14.8% increase over the last five trading days.

The company remains the largest Ethereum treasury manager and the second-largest publicly traded cryptocurrency treasury manager, behind only another Bitcoin treasury manager holding about US$ 63 billion in BTC.

In addition to its US$ 13 billion in ETH, the company holds about US$ 915 million in cash and 192 Bitcoins valued at around US$ 18 million.