📰 【Tom Lee sets three Ethereum price targets: $220k is the starting point, with a maximum of $2.5 million】

BlockBeats reports that on May 8, Tom Lee, chairman of Ethereum’s first treasury BitMine, said at the Consensus Miami 2026 conference that BitMine is currently buying about 100,000 ETH per week. At this pace, BitMine will reach its goal of holding 5% of the Ethereum supply in roughly the next 6 weeks, but it is currently evaluating whether to slow down the buying pace instead and allocate capital to a $4 billion buyback plan. BitMine’s annualized earnings from staking Ethereum are more than $300 million, the company’s overall daily cash flow exceeds $1.2 million, and it still holds about $700 million in cash reserves. Tom...
What the hell, man! Tom Lee, that old fellow, is starting to spin hype again, right? $220k is just the starting point? For real? Of course he has to call out orders while holding that little BitMine ETH—he’s even pretending he’ll slow down his pace while he’s personally scooping up 100,000 ETH every week. Isn’t that the classic playbook for a market maker to shake people out? I’ve been in this circle for 8 years—I've seen this kind of routine a ton of times! $246k? Does he really think retail investors are just “leeks” that can be squeezed for oil? Don’t matter what he blathers—I'll just watch the on-chain addresses dump and be done with it, damn it! 👇👇👇👇👇