Tom Lee: Wall Street Quietly Accumulating Ethereum, Price Target to Reach $15,000

By: theblockbeats.news|2025/08/02 19:42:18

BlockBeats News, August 2nd, BitMine's new Chairman Lee stated that traditional financial institutions are increasingly buying into cryptocurrency—steadily and quietly. He mentioned that the native asset of the Ethereum blockchain, ETH, is benefiting from Wall Street-driven "tokenization" due to its advantages in legal clarity and technical reliability. "Ethereum has never experienced downtime. This is important for banks," he said.

BitMine currently holds 625,000 ETH, with total assets close to 2.8 billion US dollars and almost no debt. Lee also confirmed a $1 billion stock buyback plan and reiterated the company's goal of "accumulating 5% of the total Ethereum supply."

Regarding Bitcoin, the current price is $113,576.36, and it is also becoming a target for institutional investors' regular purchases. Lee believes that if there is a shift in the Federal Reserve's monetary policy—especially with interest rate cuts in the coming months—Bitcoin could skyrocket to $250,000. Lee stated that based on the fundamental valuation of the Ethereum network, he believes the fair price for ETH is $15,000, while the current price is $3,700. He insisted that the real story is institutional adoption, which is severely undervalued.

-- Price

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.