Tom Lee, Chairman of BitMine Immersion Technologies, has issued a striking set of Ethereum price predictions while the company itself has become one of the largest corporate holders of ETH.
In his latest strategy report, Lee argued that three consecutive months of gains for Ethereum mark a definitive end to the “crypto winter.” He noted that if Bitcoin reaches $250,000, ETH could hit $12,000 based on historical average ratios. Under a scenario where the ETH/BTC ratio returns to 2021 peaks, Ethereum would climb to $22,000. And if Ethereum becomes a global payment infrastructure, Lee foresees a price of $62,000.
These projections come as BitMine Immersion Technologies disclosed holding approximately 5.21 million ETH, worth around $13 billion at current prices. Including other crypto assets, the company’s total treasury stands at $13.4 billion. The firm now controls more than 3% of Ethereum’s total supply, with a stated goal of reaching 5% by 2026. A significant portion of the holdings is already staked, generating yield for the balance sheet.
Executives frame the strategy as a bet on Ethereum’s role as settlement infrastructure and a layer for real-world asset tokenization. The accumulation pace has been aggressive: in a single week, BitMine purchased 65,341 ETH. Institutional investors have been increasing exposure to BitMine shares, treating them as a regulated proxy for Ethereum.
