BlockBeats News, January 17 — Tom Lee, Chairman of BitMine and Co-Founder of Fundstrat, stated at the latest BitMine shareholders’ meeting that Ethereum is at the core of a new wave of financial infrastructure transformation, and 2026 may become the pivotal year for Ethereum’s full-scale breakout.
Tom Lee pointed out that Ethereum reached a historical high in the ETH/BTC exchange rate in 2021. With the tokenization of real assets and the accelerated adoption by mainstream financial institutions and users, this ratio is expected to break previous highs again in 2026. Standard Chartered Bank also regards 2026 as the “Year of Ethereum” and predicts Ethereum’s price reaching $12,000.
Against this backdrop, Tom Lee emphasized that BitMine’s business model will directly benefit from the rising price of Ethereum. Based on historical correlation calculations, if ETH reaches $12,000, the stock price of BitMine (BMNR) theoretically corresponds to about $500.
Additionally, BitMine will also generate substantial cash flow from Ethereum staking rewards and ample cash reserves. The company currently holds approximately 4.2 million ETH and has about $1 billion in cash. Under current conditions, it is expected to generate pre-tax income of between $402 million and $433 million; if ETH’s price rises to $12,000 and the company controls about 5% of the Ethereum supply, pre-tax income could expand to $2 billion to $2.2 billion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH Gains on BTC—Altcoin Season Index Vaults Higher as Crypto Frenzy Escalates
Following Jan. 30, 2025, blockchaincenter.net’s Altcoin Season Index reveals a 28.26% leap, vaulting from a low of 46 to its present tally of 59—a numerical crescendo hinting that the fabled ‘ Altcoin Season’ inches toward fruition. Across social media platforms like X, crypto-focused commentators n
Coinpedia5m ago
Ethereum stablecoin supply hits $180B all-time high: Token Terminal
The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal.
Ethereum holds 60% of the market share in stablecoins, which have seen a 150% increase in onchain value over the past three years, the firm r
Cointelegraph7m ago
Ethereum network stablecoin on-chain value reached a record high of $180 billion, accounting for 60% of the global market share
The Ethereum network’s stablecoin on-chain value reaches $180 billion, accounting for 60% of the global market. Over the next four years, on-chain capital inflows are expected to reach $1.7 trillion; if Ethereum grows by 470%, there will be $850 billion in new funding before 2030. Major financial institutions have already launched tokenized funds, driving stablecoin supply to an all-time high.
GateNews11m ago
SEC acknowledges mistaken enforcement in crypto, 95 companies face cumulative penalties of $2.3 billion
The U.S. Securities and Exchange Commission (SEC) acknowledges that its prior enforcement actions against the crypto industry have had shortcomings, emphasizing that the focus should not be on the number of cases. Since February 2025, seven crypto cases have been withdrawn, with the goal of adjusting policy. The new chair, Atkins, is pushing for regulatory innovation, proposing a “safe harbor” mechanism designed to give compliant space to startup crypto projects and aiming to reshape the industry’s compliance path.
GateNews34m ago
Raoul Pal calls for ETH: based on the current trend, it has the potential to outperform BTC over the long term
Raoul Pal said the ETH/BTC exchange rate trend shows that ETH will outperform BTC as the business cycle and liquidity rebound. He emphasized that ETH, as a smart contract platform, will have a larger market size, while BTC mainly serves as a store of value. He predicted that Bitcoin will reach the peak of the bull market in the second quarter of 2026, and believes the current period is an extended five-year supercycle.
MarketWhisper1h ago
Is the Strait of Hormuz set to reopen soon? Bitcoin briefly surged 7%, with more than $400 million in short liquidations
Iran and the U.S. reach a two-week temporary ceasefire deal, with conditions requiring Iran to reopen the Strait of Hormuz. Bitcoin breaks through $72,000; liquidations of short positions in the derivatives market exceed $400 million, and positioning structures face a reset.
InstantTrends1h ago
