#Ethereum Tom Lee’s Ethereum Supercycle Call Why He Bought $88M More ETH at $3,200—And Predicts 10x Returns

Quick Read

Bitmine bought $88M in ETH at $3,200 and now holds 4.17M ETH (3.45% of circulating supply). Tom Lee’s supercycle thesis hinges on Ethereum transitioning from speculative asset to productive infrastructure—similar to how Bitcoin evolved from curiosity to institutional allocation.

Lee projects Bitmine’s staking income could reach $374M annually once MAVAN launches in early 2026.

ETH reaching $32,000 (10x) would require a $3.8T market cap larger than Apple’s current valuation.

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