Tom Lee: Ethereum Will Reach $250,000

Odaily News Tom Lee stated in a letter to shareholders that the price of Ethereum will reach $250,000. Tom Lee also proposed increasing the authorized shares of Bitmine from 500 million to 50 billion to complete a stock split, and predicted that when Ethereum reaches $250,000, Bitmine's stock price will hit $5,000. Recently, Bitmine increased its holdings of Ethereum by $1.4 billion, bringing its total holdings to over $12 billion, accounting for 3.4% of Ethereum's circulating supply. Additionally, Bitmine plans to enhance stock liquidity through the stock split, with the shareholder voting deadline set for January 14th. (DLnews)