Tom Lee doubles down: Ethereum is the bridge between Wall Street and crypto Tom Lee, chairman of Bitmine, has reaffirmed his long-standing view that Ethereum will sit at the center of a converged market where traditional finance and crypto become one. In a post on X responding to Fundstrat’s Carrie Presley — who reminded him she’d told him six years ago she was bullish on Ethereum — Lee said the separation between “tradfi” and crypto will eventually disappear, with Ethereum playing the connective role. Bitmine’s balance sheet underscores why Lee remains confident. The company now holds one of the largest corporate Ethereum treasuries in the market, reporting 5,742,237 ETH — roughly 4.8% of Ethereum’s circulating supply of about 120.7 million ETH. Bitmine says its combined crypto holdings, cash, marketable securities and other investments are valued at about $11.1 billion. Bitmine’s disclosures show steady accumulation through the year: the firm added another 27,084 ETH in its latest weekly purchase, pushing its treasury above 5.7 million ETH before the most recent update. In addition to Ethereum, Bitmine reported holding 206 Bitcoin and roughly $527 million in cash and marketable securities, along with equity stakes in Beast Industries and Eightco Holdings. Lee links Ethereum’s long-term prospects to clearer U.S. regulation. He has argued that growing optimism around the CLARITY Act — legislation aimed at providing regulatory clarity for digital assets — could bolster smart-contract platforms as they become more integrated into payments and financial services. He also pointed to practical usage already happening on Ethereum layer-2 networks: businesses such as Shopify and Visa process USDC-related activity using Ethereum scaling solutions, demonstrating on-chain commerce and payments use cases beyond pure speculation. Lee’s public comments with Presley serve as a reminder of how long he’s held this thesis. He reiterated that his conviction has not changed: he expects Ethereum to be the foundational infrastructure linking traditional finance and the crypto economy as the two move closer together. Market snapshot: at press time Ethereum (ETH) was trading around $1,800 — little changed over 24 hours and up about 2.2% over the past week.
Tom Lee Reiterates Ethereum as Bridge Between Wall Street and Crypto, Bitmine Holds 5.7M ETH
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Summary
Ethereum news broke as Tom Lee, chairman of Bitmine, reiterated his view that Ethereum will act as the bridge between Wall Street and crypto. Bitmine holds 5,742,237 ETH, or 4.8% of the circulating supply. The firm’s total crypto, cash, and investments are valued at $11.1 billion. Lee also mentioned Ethereum ecosystem news, pointing to the asset’s expanding role in financial services and the potential influence of the CLARITY Act.
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