🐋 BitMine aggressively "collects" Ether, Chairman Tom Lee forecasts $ETH to reach 10,000 USD
Chairman of BitMine, Mr. Tom Lee, confirmed that the company has just purchased an additional 250 million USD ETH from Bitgo and Kraken after the largest "margin call" of the year. In total, BitMine currently holds over 3.3 million ETH (≈13 billion USD) — equivalent to 2.74% of the total supply, with a long-term goal of reaching 5% of the global Ether market share.
According to Lee, the open interest of ETH currently corresponds to the price level of 2,500 USD back in June, indicating an attractive risk/reward ratio ahead of the upcoming "Ethereum Super Cycle." He continues to maintain his forecast of ETH reaching 10,000 USD this year — which represents an increase of over 150% from the current level of 3,950 USD.
BitMine stock (BMNR) rose 7.92% to 53.8 USD, bringing the total increase over the past six months to 691%. BitMine is currently leading the world in terms of ETH held, far surpassing other organizations such as SharpLink Gaming.
This article is intended to share information only — not a recommendation for you to "collect" like BitMine, unless you also have 13 billion dollars lying around 😅