TREE NEWS update: Tom Lee, chairman of BitMine Immersion Technologies, said the company’s accumulation of nearly 5% of ETH supply is not the end, with a price target above $10,000 in 1-2 years driven by tokenization and AI demand. BitMine has bought ETH weekly for over 60 weeks, funded via equity and staking rewards, and plans to continue if institutions adopt ETH as a long-term asset.
Tom Lee: BitMine’s 5% ETH stake not the end, targets $10K
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