Tom Lee: Ethereum Has Bottomed Out

深潮Published on 2025-12-11Last updated on 2025-12-11

Abstract

Tom Lee, Chairman of BitMine Immersion Technologies, believes Ethereum has bottomed after recently falling below $3,000. His company, the largest public Ethereum treasury, backed this view by purchasing 138,452 ETH worth approximately $460 million last week—its largest acquisition since October. BitMine now holds 3.2 million ETH, about 3.2% of the circulating supply, making it the second-largest crypto treasury company after MicroStrategy. Lee remains optimistic about Ethereum’s performance by year-end and is even more bullish on its long-term prospects over the next 10-15 years compared to Bitcoin. He argues that Wall Street’s growing adoption of Ethereum for tokenizing real-world assets—not just stablecoins but eventually all assets—positions it as the leading smart contract platform for the future of finance. This aligns with BlackRock executives’ recent comments that tokenization represents the next major evolution in market infrastructure. Ethereum currently hosts $12.1 billion in tokenized real-world assets, accounting for nearly 66% of the market.

Written by: Logan Hitchcock

Compiled by: Saoirse, Foresight News

Tom Lee, Chairman of BitMine. Image Credit: André Beganski/Decrypt

Key Points:

  • Tom Lee, Chairman of BitMine, believes Ethereum has bottomed out for the year.

  • Lee's company, the world's largest Ethereum treasury firm, increased its Ethereum holdings by $460 million last week, "putting its money where its mouth is."

  • Lee stated that Ethereum could still perform strongly before the end of the year; and over the next 10 to 15 years, he is more optimistic about Ethereum's development prospects compared to Bitcoin.

Tom Lee believes that the price of Ethereum, the second-largest cryptocurrency, has bottomed out after it recently fell below the $3,000 mark.

The Chairman of BitMine Immersion Technologies (who also serves as Chief Investment Officer of Fundstrat) stated that this Ethereum treasury company is currently proving its point with action by significantly increasing its Ethereum holdings at current price levels.

"BitMine believes the price of Ethereum has bottomed," Lee said in a video interview with Farokh Sarmad, President of Decrypt's parent company Dastan. "We are buying more than twice as much Ethereum now compared to two weeks ago."

The treasury company recently made a substantial addition to its holdings of the asset — purchasing 138,452 ETH last week, worth approximately $460 million.

This is BitMine's largest purchase since it acquired over 200,000 ETH in October, and the company aims to hold 5% of Ethereum's circulating supply.

As of Wednesday, BitMine holds approximately 3.864 million ETH, representing 3.2% of Ethereum's circulating supply, with a market value of $12.85 billion. Currently, the company is the largest publicly traded holder of Ethereum treasury reserves, and ranks second among all cryptocurrency treasury firms — behind only Strategy, which holds over $61 billion worth of Bitcoin.

Additionally, BitMine holds 193 BTC (worth approximately $18 million) and $1 billion in cash.

Although the prices of both Bitcoin and Ethereum have retreated from their all-time highs, Ethereum has led the recent rebound: it is up about 8% over the past 7 days and is currently trading at $3,376; meanwhile, Bitcoin's price has been largely flat over the past week, recently trading at $92,248.

The BitMine executive (BitMine stock ticker: BMNR) stated that he believes both assets could experience significant volatility before the end of the year.

Previously, Lee had predicted that Bitcoin could reach a high of $150,000 by the end of 2025; however, as Bitcoin's price remained below $100,000 in the final week of November, he softened his stance, saying Bitcoin "maybe" could still reach that target.

Regardless, Lee and BitMine are more optimistic about Ethereum's development over the next 10 to 15 years — especially as Wall Street has embraced this Layer-1 blockchain network and recognized its role in the future financial landscape.

"The reason we are bullish on Ethereum is that Wall Street is choosing its blockchain for future development," Lee said. "This trend started with stablecoins — an important 'aha moment' for Wall Street... but stablecoins are just tokenizing the dollar. Now, Wall Street wants to tokenize all assets, and they won't do that on Bitcoin — because they need a smart contract platform."

This view aligns with statements from BlackRock executives Larry Fink and Rob Goldstein last week, who said tokenization is the "next major evolution in market infrastructure."

Ethereum is leading this trend: according to data from RWA.xyz, it hosts $12.1 billion in tokenized real-world assets (RWA), accounting for nearly 66% of the total distributed assets.

Related Questions

QAccording to Tom Lee, has Ethereum reached its bottom in price this year?

AYes, Tom Lee believes that the price of Ethereum has bottomed out for the year.

QWhat significant action did BitMine take recently to support its view on Ethereum?

ABitMine purchased an additional 138,452 ETH, worth approximately $460 million, last week, doubling its buying rate compared to two weeks prior.

QWhat is BitMine's long-term goal regarding its Ethereum holdings?

ABitMine aims to hold 5% of Ethereum's circulating supply.

QWhy does Tom Lee express a stronger long-term optimism for Ethereum over Bitcoin?

ALee is more optimistic about Ethereum because Wall Street is choosing its blockchain for future development, particularly for asset tokenization, which requires a smart contract platform that Bitcoin does not provide.

QHow much in tokenized real-world assets (RWA) does Ethereum currently host, according to the article?

AEthereum hosts $12.1 billion in tokenized real-world assets, representing nearly 66% of the total distributed asset share.

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