BlockBeats News, May 8th, BitMine, the first Ethereum treasury, announced at Consensus Miami 2026 that they are currently buying approximately 100,000 ETH per week. At this rate, BitMine is expected to achieve its goal of holding 5% of Ethereum's supply in the next 6 weeks. However, they are currently evaluating whether to slow down the purchasing pace and instead use the capital for a $4 billion buyback plan. BitMine's annualized income from staking Ethereum exceeds $300 million, with a daily overall cash flow of over $1.2 million. They also hold a cash reserve of about $700 million.

Tom Lee discussed the market outlook, stating that if Bitcoin's closing price at the end of May is above $76,000, it will rise for three months, signaling the official end of the bear market.

Tom Lee mentioned the target prices for Ethereum:

If Bitcoin rises to $250,000 and the ETH/BTC exchange rate returns to the 2021 high, Ethereum would reach around $22,000;

If the ETH/BTC exchange rate reaches the extremely optimistic level of 0.25, Ethereum would reach around $62,000;

If there is a large-scale tokenization breakout and Ethereum becomes a major settlement layer, it would reach $250,000.