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.

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE

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.

Related Reads

As Consensus Accelerates, What Are Young Investors Betting On?

Title: As Consensus Forms Faster, What Are Young Investors Betting On? In the rapid evolution of tech investment, a new generation of young investors is navigating a landscape where AI, robotics, commercial aerospace, and quantum computing are advancing simultaneously. Traditional investment logic based on financial models is giving way to a need for deep technical understanding and the ability to act before industry consensus forms. An analysis of trends from the "WAIC FUTURE TECH" list of young investment leaders reveals key shifts in focus. The first major trend is the movement of AI from the digital screen into the physical world. Investment is shifting from large language models and chatbots towards embodied AI, robotics, AI hardware, and edge computing. While demonstrations generate excitement, the real challenge lies in achieving scalable, reliable, and cost-effective delivery in complex real-world environments like factories and logistics. Success depends not just on algorithms but on the integration of sensors, actuators, and control systems. Second, the competitive focus for large models is moving beyond raw capability toward building an "intelligence flywheel." The goal is to create self-reinforcing systems where user interaction generates data, improving the model, which in turn enhances the user experience and attracts more engagement. Companies that successfully embed AI into workflows to create these closed-loop systems can build lasting value that isn't easily erased by the next model upgrade. Third, facing a potential bottleneck in high-quality human-generated data, investors are looking at new underlying technologies. Reinforcement learning and self-play, as demonstrated by AlphaGo Zero, offer paths for AI to generate its own experience. Scientific foundation models, which aim to build general AI capabilities for fields like life sciences and materials discovery, represent a non-consensus direction that could unlock new frontiers of knowledge and data. Finally, in deep-tech areas like quantum computing, commercial aerospace, and space-based infrastructure, patient capital is essential. These fields have long, uncertain development and validation cycles involving complex engineering, supply chains, and regulations. Investment here requires a long-term view, focusing on foundational team capabilities and the eventual emergence of market demand, even if commercial returns are distant. Collectively, these trends illustrate how young investors are adapting to a new era. They are learning to make earlier, technically-informed judgments, balance hype with real-world viability, and provide the patient capital needed to build the deep-tech foundations of the future.

marsbit25m ago

As Consensus Accelerates, What Are Young Investors Betting On?

marsbit25m ago

Unlocking $100 Million in Liquidity? Pump.fun's New Policy Tests the 5-Minute Pump Technique

Foresight News, July 21 – Pump.fun has launched its new "BOOST" mode as the standard launch mechanism for new tokens. The core of BOOST is to address the issue of "dead liquidity." Historically, when a token migrates from its bonding curve to a liquidity pool, roughly 20% of its liquidity becomes permanently locked and unusable, a problem the platform estimates costs over $100 million annually. The new mechanism redirects this 20% of funds, which would have been locked, to instead be used for a 5-minute Time-Weighted Average Price (TWAP) buyback of the token immediately after migration. The purchased tokens are then permanently burned. For example, this means reserving 17.6 SOL for SOL pairs or about $2516 for USDC pairs at migration. This creates a short-term buying pressure and reduces the token's supply. The goal is to improve the immediate post-launch performance of memecoins, potentially increasing trader retention and transaction volume on the platform. However, critics warn this could lower the bar for token launches, encouraging low-quality projects, and that the brief 5-minute buy pressure might lead to sharper price crashes once it ends if followed by large sell-offs.

Foresight News34m ago

Unlocking $100 Million in Liquidity? Pump.fun's New Policy Tests the 5-Minute Pump Technique

Foresight News34m ago

What Signals Can Be Read from the Trading Data of India's Largest Asset Manager SBI's IPO?

India's largest asset manager, SBI Funds Management, successfully listed on July 21 with a nearly $10 billion IPO, attracting approximately 42 times subscription. However, the first-day closing price rose only about 6.3%, falling short of the 16% premium anticipated in the grey market. This signals robust demand for core Indian financial assets but also disciplined pricing, indicating the IPO market is selectively open for strong brands with clear growth narratives. The low reported underwriting fees, which led some global banks to reduce participation, highlight a shift in pricing power towards powerful issuers like SBI. Its strong brand, banking parent, and stable cash flows reduced reliance on traditional investment banking sales channels, with local brokers playing a larger role. This fee dynamic may not be replicable for weaker issuers. SBI's performance is seen as a key test for India's IPO pipeline, including potential future large listings like Reliance Jio and NSE. Its success with tempered gains sets a new price anchor: high-quality assets can launch, but excessive valuation premiums are constrained. The true measure of a sustained market reopening will be whether subsequent major offerings can proceed smoothly at reasonable valuations.

marsbit53m ago

What Signals Can Be Read from the Trading Data of India's Largest Asset Manager SBI's IPO?

marsbit53m ago

Can Japan Buy Growth with AI? Will the Bond Market Believe It?

Japan's cabinet has introduced the 2026 Basic Policy on Economic and Fiscal Management and Reform, shifting its primary fiscal target. The new framework moves away from the traditional annual primary balance goal and instead prioritizes a stable reduction of the debt-to-GDP ratio. This change is tied to a strategy of increased "responsible proactive fiscal" spending, aiming to boost long-term growth through investments in strategic sectors like AI, semiconductors, energy, and robotics. The government estimates total public and private investment in 62 key technologies could exceed 370 trillion yen by 2040. The market reaction has been mixed and cautious. While equity markets may respond to policy signals, bond markets are focused on fiscal credibility. Concerns center on whether the weakening of the clear primary balance anchor could lead to looser fiscal discipline. If investors doubt that these strategic investments will generate sufficient productivity gains, tax revenue, and nominal growth to outpace rising interest costs, they may demand higher yields on Japanese Government Bonds (JGBs). Recent volatility in the yen and JGB yields, with the 10-year yield briefly reaching 2.9%, reflects this skepticism. The success of this new framework hinges on two factors: whether Japan can achieve a nominal growth rate consistently higher than its long-term interest rates, and whether future budgets demonstrate disciplined control over bond issuance. The government's narrative is that strategic investment is essential to break Japan's cycle of low growth, aging, and labor shortages. However, the bond market will continuously assess the credibility of this plan, pricing the risk that it may represent fiscal expansion rather than a viable growth strategy.

marsbit1h ago

Can Japan Buy Growth with AI? Will the Bond Market Believe It?

marsbit1h ago

Misjudged A-Shares: Resilience, Expectations, and Confidence

China's A-share market recently faced selling pressure, especially in tech sectors, initially triggered by a global tech sell-off that began in South Korea. However, the article argues this is a case of "mistaken injury" and highlights the market's underlying resilience. This resilience stems from three main pillars: **1) Tech Sector Fundamentals:** Unlike Korea's market dominated by a few memory chip stocks, China's tech sector is diversified across computing, communications, electronics, and semiconductors, supported by dual narratives of global AI supply chains and domestic substitution. Core areas like optical modules and fiber optics continue to show strong earnings growth. **2) "National Team" Support:** State-backed institutions and large corporations have made significant market purchases and announced buybacks, providing liquidity and signaling confidence. This is seen as a stabilizing policy signal, often associated with market bottoms. **3) Broader Market Pillars:** Other major sectors are showing endogenous recovery momentum. Consumer stocks benefit from stabilizing CPI and signs of sector recovery (e.g., liquor price hikes). Cyclical sectors like aluminum have high earnings, potential price increases due to tight supply, and low valuations. The financial sector offers stable dividends and low valuations. The conclusion is that the sell-off was driven by external contagion, not a collapse in fundamentals. With strong policy support and recovering momentum across key sectors, the A-share market possesses the toughness to regain stability.

marsbit1h ago

Misjudged A-Shares: Resilience, Expectations, and Confidence

marsbit1h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions