Tom Lee gives Ethereum a three-tier target price: $22,000 as the starting point, with a maximum of $250,000

Tom Lee, Chairman of BitMine, the first treasury of Ethereum, stated at the Consensus Miami 2026 conference that BitMine is currently purchasing about 100,000 ETH per week. At this rate, BitMine will reach its goal of holding 5% of Ethereum's supply in about 6 weeks, but is currently evaluating whether to slow down the buying pace and instead allocate capital to a $4 billion buyback plan.

BitMine generates an annual income of over $300 million through staking Ethereum, with an overall daily cash flow exceeding $1.2 million, and still holds about $700 million in cash reserves. When discussing market outlook, Tom Lee mentioned that if Bitcoin's closing price at the end of May exceeds $76,000, it will rise for three months, officially signaling the end of the bear market.

When discussing Ethereum's target price, Tom Lee stated: if Bitcoin rises to $250,000 and the ETH/BTC exchange rate returns to the 2021 peak, Ethereum would correspond to about $22,000; if the ETH/BTC exchange rate reaches the extremely optimistic level of 0.25, it would correspond to about $62,000; if tokenization experiences a massive explosion and Ethereum becomes the main settlement layer, it would correspond to $250,000.