According to Odaily Odaily, Tom Lee, Chairman of BitMine and co-founder of Fundstrat, stated at the latest BitMine shareholders meeting that Ethereum is at the core of a new round of financial infrastructure transformation, and 2026 may be a key year for Ethereum's full-scale explosion.
Tom Lee points out that Ethereum reached an all-time high for the ETH/BTC exchange rate in 2021, and with the tokenization of real-world assets and accelerated adoption by mainstream financial institutions and users, this ratio is expected to break through the previous high again in 2026. Standard Chartered Bank also considers 2026 to be the "Year of Ethereum" and predicts that the price of Ethereum will reach $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 price of ETH reaches $12,000, BitMine (BMNR)'s stock price would theoretically correspond to approximately $500.
In addition, BitMine will also generate substantial cash flow from Ethereum staking rewards and its ample cash reserves. Currently, the company holds approximately 4.2 million ETH and has about $1 billion in cash. Under current conditions, this is expected to generate pre-tax income of $402 million to $433 million; if the price of ETH rises to $12,000 and the company controls approximately 5% of the Ethereum supply, pre-tax income could expand to $2 billion to $2.2 billion.
