[Tom Lee Predicts Ethereum Will Reach $250,000]
In a letter to shareholders, Tom Lee stated that the price of Ethereum will reach $250,000 and proposed increasing Bitmine's authorized shares from 5 billion to 50 billion to facilitate a stock split. He predicts that when Ethereum reaches $250,000, Bitmine's stock price will hit $5,000. Recently, Bitmine increased its Ethereum holdings by $1.4 billion, bringing its total holdings to over $12 billion, accounting for 3.4% of Ethereum's circulating supply. Bitmine plans to enhance stock liquidity through the stock split, with the shareholder voting deadline set for January 14 (UTC+8).