Tom Lee, Chairman of BitMine, announced at Consensus Miami 2026 that BitMine is purchasing around 100,000 ETH weekly, aiming to hold 5% of Ethereum's total supply within six weeks. The company is considering reallocating funds to a $4 billion buyback program. BitMine generates over $300 million annually from staking Ethereum and maintains a daily cash flow of $1.2 million, with $700 million in cash reserves. Lee outlined Ethereum's potential price targets, contingent on Bitcoin's performance. If Bitcoin surpasses $76,000 by May's end, it could signal a bull market, potentially driving Ethereum to $22,000 if the ETH/BTC rate matches its 2021 peak. A more optimistic ETH/BTC rate of 0.25 could see Ethereum at $62,000, while massive tokenization adoption could push it to $250,000.