BitMine Chairman Tom Lee reaffirmed at WebX 2026 that Ethereum’s long-term price target is $250,000, stating that Ethereum is entering the ETH 2.0 phase. BitMine has supported EthLabs and Ethereum Institutional, currently holding 5.74 million ETH, with plans to increase holdings to 5% of ETH’s total supply.
Tom Lee Reiterates $250,000 ETH Price Target, BitMine Holds 5.74M ETH
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Summary
Tom Lee reaffirmed his $250,000 price target for Ethereum at WebX 2026, pointing to advancements in the ETH 2.0 upgrade. BitMine holds 5.74 million ETH and aims to acquire 5% of the total supply. The company supports EthLabs and Ethereum Institutional. ETH analysis reflects growing confidence in the network’s long-term potential.
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