BitMine Chairman Predicts Ethereum Surge as Institutions Quietly Accumulate 5% of ETH Supply
The post BitMine Chairman Predicts Ethereum Surge as Institutions Quietly Accumulate 5% of ETH Supply appeared on BitcoinEthereumNews.com.
BitMine’s Chairman Lee confirms that institutional investors are quietly increasing cryptocurrency purchases, with Ethereum benefiting from tokenization and poised for significant price growth. Institutional buying of cryptocurrencies is rising steadily and quietly, driven by Wall Street’s interest. BitMine holds 625,000 ETH, aiming to accumulate 5% of Ethereum’s total supply with a $1 billion stock buyback underway. Bitcoin is also a key institutional target, with potential to reach $250,000 if Federal Reserve policy shifts. BitMine Chairman Lee highlights growing institutional crypto adoption and Ethereum’s tokenization benefits, forecasting major price gains. Stay informed with COINOTAG. How Is Institutional Adoption Driving Ethereum’s Growth? Institutional investors are increasingly acquiring Ethereum due to its legal clarity and technical reliability. BitMine’s Chairman Lee emphasized that Ethereum’s tokenization, propelled by Wall Street, enhances its appeal. Holding 625,000 ETH valued near $2.8 billion, BitMine is strategically positioned to benefit from this trend. Lee noted, “Ethereum has never gone down. This is important for banks,” underscoring the network’s stability as a key factor for institutional trust. What Are BitMine’s Strategic Moves in the Crypto Market? BitMine has announced a $1 billion stock buyback plan, reflecting confidence in its crypto holdings. The company aims to accumulate 5% of Ethereum’s total supply, signaling a long-term commitment to ETH. Additionally, BitMine maintains almost no debt, strengthening its financial position amid growing market interest. These moves highlight BitMine’s proactive approach to capitalizing on institutional demand. Why Is Bitcoin Also Gaining Institutional Interest? Bitcoin remains a primary target for institutional investors, with its price currently at $113,576.36. Lee predicts that if the Federal Reserve shifts to cutting interest rates, Bitcoin could surge to $250,000. This forecast is based on macroeconomic factors influencing investor behavior. The growing institutional appetite for Bitcoin complements Ethereum’s rise, reflecting a broader trend of mainstream crypto adoption. What Are the…
Filed under: News - @ August 2, 2025 11:25 am