🚨 Tom Lee Drops Bombshell at Consensus 2026: BitMine May Slow ETH Accumulation for a $4 Billion Stock Buyback 💥 Major Strategy Shift on the Horizon Tom Lee revealed that BitMine is currently scooping up ~100,000 ETH per week. At this blistering pace, the firm would hit its goal of owning 5% of all Ethereum in just six weeks. But here’s the twist—BitMine is now actively evaluating whether to slam the brakes on ETH purchases. 🔄 Capital Reallocation in Play The potential pivot? Redirecting a significant portion of that capital into a massive $4 billion share buyback program. This isn’t a sign of weakness—it’s a calculated move to optimize shareholder value while maintaining a dominant crypto position. 💰 The Financials Are Staggering Even with a potential slowdown, BitMine’s fundamentals are rock solid: - Annual staking income from Ethereum: Over $300 million - Daily cash flow: More than $1.2 million - Cash reserves: Approximately $700 million This is a fortress balance sheet, giving them immense flexibility to execute either strategy. 📊 Bitcoin’s Bullish Signal Lee also dropped a critical technical note: If Bitcoin closes above $76,000 at the end of May, it would mark three consecutive monthly gains—a pattern that historically signals the end of a bear market. That’s a key level to watch. 🎯 Ethereum’s Sky-High Target In his most ambitious scenario, Lee laid out a price target of $250,000 for Ethereum. While that’s a moonshot, it underscores the conviction in ETH’s long-term value proposition. The bottom line? BitMine is at a crossroads. Whether they double down on ETH or pivot to buybacks, the market is watching closely.