Tom Lee's Bitmine Continues to Buy Ethereum, Now Holds 4.8% of Its Total Supply. Should Investors Follow His Lead and Buy ETH?

Bitmine, led by crypto bull Tom Lee, has accumulated 5.81 million Ethereum tokens representing 4.8% of total supply and aims to reach 5% ownership. Lee predicts Ether will surge to $22,000 in the near term and $62,000-$250,000 long-term, citing catalysts like stablecoin growth, tokenized real-world assets, and AI agent adoption. However, the article cautions against blindly following Lee despite his accurate Bitcoin call in 2017, noting Ether has declined 60% over the past year and faces macro headwinds.