Tom Lee: ETH treasury firms hold 7% of supply, could reach 15% this cycle
- —DAT firms hold roughly 7% of ETH supply, with a path to 15%
- —Bitmine holds 6,001,302 ETH, about 4.9% of supply, near its 5% target
- —Lee expects ETH above $10,000 within 12 months
- —The DAT model works only while shares trade above NAV
Why it matters: Growing DAT holdings soak up free-floating ETH supply, but the 15% target is a forecast from a party with direct exposure.
Source: Siam Blockchain