
Tom Lee sees Ethereum at $25K-$50K as BitMine holds 4.9% of supply
- —BitMine holds 6,016,414 ETH, 4.9% of supply, worth about $16.4 billion
- —5,067,309 ETH are staked, generating an estimated $363 million a year
- —BitMine targets 5% of total Ethereum supply under its Alchemy of 5% strategy
- —US spot Ethereum ETFs saw $407.9 million in net outflows over six sessions
Why it matters: The forecast comes from Ethereum's largest corporate holder, raising conflict-of-interest questions, while ETF outflows highlight a split with institutional demand.
Source: Bithub