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According to CoinPost, BitMine chairman Tom Lee said at WebX 2026 that Ethereum is entering an “ETH 2.0” phase, and its growth pillars include a new foundation framework, agentic AI, a financial settlement layer, and “ETH is money.” He believes Ethereum is currently showing tactical bottoming signals, and that if it breaks through the $1,846 to $1,876 resistance zone, the next target will be $2,200. Tom Lee previously said that ETH could reach $250k in the long term.
BitMine currently holds about 5.74 million ETH, accounting for 4.8% of the total supply, of which about 4.87 million have been staked. The company has led investments in Eth Labs and participates in Ethereum Institutional. Tom Lee said BitMine will not rush to complete its position as it approaches the 5% target, and understands Vitalik Buterin’s view that no single entity should hold more than 5% of the ETH supply.