Tom Lee: ETH long-term target price is $250000, BitMine holds 5.74 million ETH

BitMine Chairman Tom Lee reiterated at WebX 2026 that the long-term target price for ETH is $250000 and stated that Ethereum is entering the ETH 2.0 phase. BitMine already supports EthLabs and Ethereum Institutional, currently holding 5.74 million ETH, with plans to increase holdings to 5% of ETH supply in the future.