Tom Lee Predicts $250K Ethereum Price as BitMine Adds to $13 Billion Stash

Core Insights - BitMine Immersion Technologies acquired 32,977 ETH valued at approximately $104 million in the final week of 2025, increasing its total holdings to over 4.14 million ETH, worth more than $13 billion, representing about 3.4% of the circulating ETH supply [1][2] - The firm is the largest "fresh money" buyer of ETH globally, with a significant price forecast for Ethereum, predicting a rise to $250,000, which would be a 7,760% increase from the current price of $3,180 [2] - BitMine aims to increase its authorized share count from 500 million to 50 billion to facilitate capital market activities and stock splits, with a target share price of around $25 [3][4] Company Holdings and Performance - BitMine holds approximately $915 million in cash and 192 Bitcoin valued at nearly $18 million, in addition to its ETH holdings [6] - Shares of BitMine increased by around 4% on Monday, trading at $32.49, and have risen nearly 14.8% over the last five trading days [5] Strategic Initiatives - The company is seeking shareholder approval for various proposals, including the election of eight directors and the implementation of special compensation and incentive plans, with a vote deadline set for January 14 [4]