Tom Lee’s Ethereum treasury company BitMine continues to expand its ETH holdings. The prominent financial analyst holds out the prospect of a phenomenal price jump.
• BitMine is significantly expanding ETH holdings
• Further acquisitions planned
• Tom Lee predicts massive share price rise
BitMine Immersion Technologies announced in mid-April that its Ethereum holdings had reached 4.875 million tokens. This corresponds to 4.04 percent of the total ETH circulation of 120.7 million coins. The company is now one of the largest known Ethereum holders in the world.
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“The Iran War is entering its seventh week and that war remains the primary driver of global markets. ETH is now the best-performing asset since the start of the war, up 17.4 percent and outperforming the S&P 500 by 1,830 basis points. And we believe that the fact that ETH is outperforming gold by 2,743 basis points shows that ETH is the store of value in wartime,” commented Thomas “Tom” Lee, Chairman of the BitMine’s Board of Directors announced this milestone about a week ago.
Congrats Bitmine team @BitMNR for reaching 4% of $ETH coin supply!!!
– on track to reach ‘the alchemy of 5%’$BMNR https://t.co/lwpG99zEm1
– Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) April 13, 2026
More ETH purchases planned
Guided by its philosophy of “Alchemy of the 5 Percent,” the company relies on ETH as its primary reserve currency. With the recently announced ETH holdings, BitMine has already covered 81 percent of the way to the “Alchemy of 5 percent” in just nine months.
Tom Lee with mega price forecast for ETH
As “BTC Echo” reports, Tom Lee was very optimistic about the prospects for the crypto market at the Paris Blockchain Week. Since, in his opinion, the stock market has already reached bottom, the digital assets are now likely to recover. The expert is particularly optimistic about Ethereum and believes that the number 2 behind Bitcoin could climb to over $ 60,000 in the coming bull cycle. For comparison: the ETH price is currently around 2,310 US dollars (as of April 19, 2026).
Lee particularly identifies the progressive tokenization of assets and the rise of “Agentic AI” as price drivers. In his opinion, they are the same Digitalization of the financial system of innovation after the end of the gold standard in 1971. Ethereum acts as an important infrastructure.
In addition, the blockchain for AI systems is the ideal basis for identity management and micropayments because classic payment service providers such as PayPal or Visa are less efficient for automated agents.
Thomas Zoller, editorial team at finanzen.net
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