Tom Lee: Ethereum May Shine in 2026, with ETH Potentially Reaching $12,000

Odaily News BitMine Chairman and Fundstrat co-founder Tom Lee stated at the latest BitMine shareholder meeting that Ethereum is positioned at the core of a new wave of financial infrastructure transformation, and 2026 could be a pivotal year for Ethereum's full-scale breakout.

Tom Lee pointed out that Ethereum reached a historical high in the ETH/BTC exchange rate in 2021. With the tokenization of real-world assets and accelerated adoption by mainstream financial institutions and users, this ratio is expected to surpass its previous peak again in 2026. Standard Chartered Bank also views 2026 as the "Year of Ethereum," predicting an Ethereum price of $12,000.

Against this backdrop, Tom Lee emphasized that BitMine's business model will directly benefit from the rise in Ethereum's price. Based on historical correlation calculations, if the ETH price reaches $12,000, BitMine's (BMNR) stock price theoretically corresponds to approximately $500.

Furthermore, BitMine is expected to generate substantial cash flow from Ethereum staking rewards and its ample cash reserves. The company currently holds approximately 4.2 million ETH and has about $1 billion in cash. Under current conditions, this is projected to bring in $402 million to $433 million in pre-tax income. If the ETH price rises to $12,000 and the company controls about 5% of Ethereum's supply, the pre-tax income scale could expand to $2 billion to $2.2 billion.