Tom Lee: BitMine has become a large-cap stock, ETH low indicator is emerging, and the year-end target looks at ten thousand dollars.

Fundstrat co-founder and BitMine chairman Tom Lee delivered a speech at the KBW in South Korea on September 24, 2025. He emphasized the "true neutrality" of Ethereum, which will make it the preferred blockchain for Wall Street and the White House. Lee also pointed out that BitMine and Strategy have become large-cap stocks and will be part of major indices, attracting passive capital inflows. Meanwhile, Ether (ETH) has shown low indicators after a mean pullback, with a year-end target of 10K~12K.

Ethereum is the most neutral blockchain.

Ethereum (Ethereum) is not controlled by any single entity, making it suitable for Wall Street and policymakers. Under the leadership of the Trump administration, the White House and Congress have become more supportive of cryptocurrencies, leaning towards Ethereum, and future stablecoins and asset tokenization (RWA) will be built on it. This includes the integration of artificial intelligence and robotics, which will truly create a demand for a robotic token economy, and many such things will be realized on Ethereum.

BitMine and Strategy have become large-cap stocks.

BitMine holds 2.46 million ETH, making it the largest corporate Ethereum reserve company in the world. Tom Lee believes that multiple asset management firms can coexist on Ethereum, but the market is in the process of picking winners and losers.

(BitMine issues new shares at a premium of 70 USD, holding a total asset of 24.6 million Ether worth 11.4 billion USD)

"Bitmine has a daily trading volume of 3 billion USD, while Strategy has a daily trading volume of 3.4 billion USD. I believe our two companies account for 95% of the DAT trading volume. This means institutional investors actually only want to buy our stocks."

These two companies have actually become large-cap stocks, and they will receive passive capital inflows as they will become part of the major indices after rebalancing.

After the pullback of Ether, low-level indicators have emerged, with a year-end target of 10K~12K.

Due to the strong seasonality in Q4 and the Fed's interest rate cuts, Tom Lee expects Bitcoin (BTC) to reach a price range of $200,000 to $250,000 by the end of the year. Meanwhile, Ethereum's super cycle is expected to explode within 10 to 15 years, with an end-of-year target range of $10K to $12K, but "this will not be the upper limit."

Recently, many people have expressed bearish views on the market, and legendary trader Eugene specifically pointed out that ETH may pull back to the key price level of $3,400. However, Tom Lee retweeted @Jake__Wujastyk's post, indicating that after the mean pullback, low-level indicators for ETH have emerged, and it will return to the bull market season in the future.

Trader Eugene warns: the market buying pressure is weak, BTC and ETH may drop to the price levels of 100,000 and 3,400 USD.

ETH

— Bitmine (NYSE-BMNR) ()@BitMNR$ETH September 24, 2025

This article Tom Lee: BitMine has become a large-cap stock, ETH low-end indicators are emerging, with an end-of-year target looking at ten thousand dollars first appeared in Chain News ABMedia.