Is Tom Lee’s BitMine About to Shatter Expectations? ETH Explosion Incoming!

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Oh boy, here we go. BitMine Immersion (BMNR), the world’s largest Ethereum treasury company, is having what can only be described as an absolute *party* in the market. Seriously, this thing is on fire!

So, right now, BMNR is priced at $67.62. That’s a solid 111% increase from Wednesday, when it was hovering around $32. And it hit a high of $69.80 early on Monday. It’s like the stock just had a Red Bull. 😳

Let’s be real, though. The company is still 58% down from its all-time high from late July. But hey, who’s counting, right? We’re all here for the *comeback*.

And the reason for this madness? BitMine’s ETH holdings have surged to 1,150,263 tokens worth a cool $4.96 billion at $4,311 per ETH. That’s more than my annual salary… multiplied by… well, a LOT. 😬

Tom Lee, the guy behind Fundstrat and the chairman of BitMine, is out there making big promises. He’s talking about getting 5% of all ETH in existence. That’s like saying, “I’m gonna own the moon,” but with more crypto. 🙄

He wasn’t done. Lee shared how fast BitMine ramped up its ETH holdings by a whopping $2 billion in just one week. I mean, that’s like buying a car every day, but with digital currency. Seriously, *who* is making this stuff up?

Meanwhile, SharpLink Gaming Inc (SBET), the second-largest ETH treasury company, is also doing alright with a 50% increase this month. Small potatoes compared to BitMine, but hey, they’re still in the green. 🚗💨

In a thrilling new interview with Bankless (because *everyone* loves to be interviewed), Lee said Ethereum could hit $7,000 by year-end. Yeah, totally believable. But here’s the kicker-he’s even thinking $12,000 or $15,000 might be on the table. 💸

If ETH is really trading at $4,354 right now, and with all this optimism, who’s to say? Well, me. I’m saying it. I’ll believe it when I see it. But hey, don’t listen to me. I’m just the guy rolling his eyes. 🤷‍♂️

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2025-08-11 22:24