Bitmine’s Tom Lee Predicts $60K Ether After $3.8B Loss

• Bitmine posted a $3.8 billion loss on Ether holdings, increased ETH position to 4.04%, and uplisted to NYSE
• Tom Lee at Paris Blockchain Week called the crypto downturn a “mini winter” and expects Ether to surpass $60,000
• Lee links Ether’s potential rise to real-world asset tokenization and artificial intelligence adoption

On April 15, 2026 (UTC), Cointelegraph reported that Bitmine Immersion Technologies chairman Tom Lee labeled the recent digital asset market downturn as a “mini crypto winter” at Paris Blockchain Week. Lee also projected Ether (ETH) could surpass $60,000 in the coming years, citing expected growth in Ethereum’s adoption.

Bitmine Immersion Technologies reported a $3.8 billion quarterly loss due to unrealized depreciation on its Ether holdings. Despite the setback, Bitmine increased its ETH reserves to roughly 4.04% of the total Ether supply and uplisted shares to the New York Stock Exchange.

Lee’s bullish outlook for Ether stems from an anticipated rebound in digital asset markets after current global geopolitical tensions. He said growing Ethereum adoption, especially for real-world asset tokenization and integration of agentic artificial intelligence, supports his forecast.

Lee believes equities likely bottomed after recent geopolitical-driven market pressure. He estimates ETH’s fair value at $62,000 within several years, based on Ethereum reaching a market cap about 25% that of Bitcoin’s projected long-term value.

At the time of Lee’s remarks, Ether traded near $2,327, down 43% from October 2025. CoinMarketCap data as of April 15, 2026, 15:08 UTC shows Ethereum (ETH) at $2,334.89, with a 0.5% decrease in 24-hour trading volume.