BlockBeats news: On January 17, Tom Lee, chairman of BitMine and co-founder of Fundstrat, stated at the latest BitMine shareholders' meeting that Ethereum is positioned at the core of a new wave of financial infrastructure transformation, and 2026 could become a pivotal year for Ethereum's explosive growth.
Tom Lee pointed out that Ethereum once hit a historical high in the ETH/BTC exchange rate in 2021. With the tokenization of real-world assets and the accelerated adoption by mainstream financial institutions and users, this ratio is expected to break through the previous high again by 2026. Standard Chartered Bank also views 2026 as the "Year of Ethereum," forecasting an Ethereum price of up to $12,000.
Against this backdrop, Tom Lee emphasized that BitMine's business model would directly benefit from an increase in the price of Ethereum. Based on historical correlations, if the price of ETH reaches $12,000, the stock price of BitMine (BMNR) could theoretically reach approximately $500.
In addition, BitMine will also generate significant cash flow from Ethereum staking rewards and its substantial cash reserves. Currently, the company holds approximately 4.2 million ETH and has about $1 billion in cash. Under current conditions, this is expected to generate pretax income of between $402 million to $433 million. If the price of ETH rises to $12,000 and the company controls about 5% of the Ethereum supply, its pretax income could expand to between $2 billion and $2.2 billion.