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.
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