BitMine Chairman Tom Lee Says $10,000 Ether by Year-End 2026 Would Not Surprise Him

BitMine Immersion Technologies Chairman Tom Lee linked his Ether (ETH) outlook to treasury-company buying, which he expects to grow as those firms increase their share of the token’s supply. Lee said an ETH price of $10,000 by the end of 2026 would not surprise him. Companies holding ETH in their treasuries controlled roughly 7% of its supply in Lee’s estimate. He expects their combined share to reach 15% during the current market cycle, an increase of eight percentage points across the group. Lee tied that outlook to how treasury stocks are valued. When a company’s shares trade at a premium to its per-share net asset value, it can issue stock and use the proceeds to acquire more ETH, he argued.

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