Tom Lee, Chairman of BitMine Immersion Technologies, predicts Ether (ETH) could reach $10,000 by the end of 2026. He bases this outlook on the growing share of ETH held by treasury companies, which currently control about 7% of the supply but are expected to increase to 15% during this market cycle. Lee explains that companies trading at a premium to their net asset value can issue stock to buy more ETH, driving demand. BitMine itself holds about 4.9% of the total ETH supply, with a self-imposed 5% purchase limit, meaning other companies will need to increase their holdings to meet Lee's forecast.
Ether price outlook by Tom Lee offers context for crypto markets. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 20, 2026 08:21 WIB: 16 of 50 major cryptos rose, 33 fell. Notable movers include XNO at Rp6.016 (-2.24%), ALGO at Rp1.970 (-2.18%), and SNX at Rp3.868 (+2.17%).
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