Tom Lee makes a case that aggressive Ethereum treasury strategies by firms like BitMine and SharpLink could drive ETH toward $30,000.
Tom Lee, co-founder of Fundstrat and chair of BitMine Immersion, presents a compelling ETH price prediction: Ethereum could surge to $30,000 if firms adopt treasury strategies akin to MicroStrategy’s with Bitcoin.
He grounds his case in data; firms have already amassed hundreds of millions in ETH, and the market is responding to that institutional demand.
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Corporate Treasury Accumulators and Their Scale
Several publicly traded firms are rapidly building Ethereum treasuries with real capital at work.
BitMine Immersion has accumulated over $5 billion worth of ETH as of August 10 and aims to secure 5% of the total ETH supply. To fuel that goal, the company plans to raise up to $20 billion more through stock sales.
SharpLink Gaming, chaired by Ethereum co-founder Joseph Lubin, expanded its equity issuance from $1 billion to $6 billion in July and already holds around 280,706 ETH, much of it staked.
Bit Digital raised $172 million and added 100,603 ETH, aiming to become a leading ETH treasury holder. Together, these companies now control approximately 682,000 ETH, or half a percent of circulating supply.
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The Reflexive Loop and Broader Market Context
Lee describes a reflexive loop: firms buy ETH, share prices rise, firms raise more capital, buy even more ETH. That bootstraps token demands and speeds up scarcity realization.
Bonding that with regulatory clarity, highlighted by the GENIUS Act, and Ethereum’s foundational role in stablecoins and tokenization, the environment favors aggressive treasury buildup.
Ethereum’s price now hovers just below its all-time high of roughly $4,900. Firms that mirrored MicroStrategy’s playbook have moved billions into ETH in weeks, not years, punctuating how swiftly this market dynamic can unfold.
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Conclusion
Tom Lee’s $30,000 ETH prediction rests on clear data and expanding corporate treasury strategies.
Companies are already deploying billions in capital, creating a feedback mechanism that may magnify scarcity. Ethereum’s success now relies on continued ETH institutional demand, efficient capital markets, and regulatory clarity.
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