Bitmine Targets 5% of Ethereum Supply in Bold Accumulation Plan
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Bitmine Director Tom Lee has laid out an ambitious roadmap for the company — securing ownership of 5% of the total Ethereum supply.
Lee described Ethereum as one of the most compelling macro investment opportunities of the next decade.
According to Lee, Ethereum’s current market position mirrors Bitcoin’s trajectory in 2017, when the leading cryptocurrency traded sideways for months before exploding in value. “Ethereum is at a similar point right now,” he said, adding that he believes ETH’s growth potential now exceeds Bitcoin’s.
Lee confirmed that Bitmine has been aggressively acquiring Ethereum at around $3,500, projecting that prices could hit at least $4,000 in the short term and possibly climb to the $7,000–$15,000 range by year’s end.
The director also highlighted Bitmine’s robust financial standing, noting a daily trading volume of $1.6 billion. This liquidity, he argued, fuels both operational expansion and broader sector growth. He emphasized that building large Ethereum reserves is not just an alternative to ETFs, but a form of critical infrastructure for the network — one that can also generate additional returns through staking and other yield strategies.
If Bitmine reaches its goal, it would become one of the largest single holders of ETH, potentially giving the company significant influence in the evolving DeFi and institutional adoption landscape.
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