x
"Tom Lee didn’t save Ethereum, he’s trying to own it. In this video, Nic dives into how the Wall Street veteran led a $8.2B ETH accumulation through BitMine, making it the largest corporate holder of Ethereum. Backed by major players like ARK and Founders Fund, this move could reshape crypto’s future or trigger massive systemic risk.
We break down Lee’s wild ETH price targets, his “Wall Street Convergence” thesis, and why even Vitalik is sounding the alarm. This isn’t a rescue. It’s a takeover."
~ Coin Bureau
Based on the provided video, the story of Wall Street strategist Tom Lee "rescuing" Ethereum is actually a misunderstanding of a significant institutional acquisition. In 2025, Tom Lee became chairman of Bitmine Immersion Technologies, which then shifted its focus from Bitcoin mining to acquiring Ethereum for its corporate treasury. Backed by major investors, Bitmine quickly accumulated over $2 billion worth of ETH, making it the largest corporate holder of Ethereum in the world.
Lee's investment thesis, which he calls the "Wall Street convergence," predicts that the financial services industry will move onto the blockchain, with Ethereum serving as the base layer. He has made bold price predictions for ETH, targeting a long-term value of over $60,000. The video also raises concerns about potential conflicts of interest, as Lee's company's stock is tied to the asset he promotes, and highlights the systemic risk that large, publicly traded crypto treasury vehicles like Bitmine could pose to the market if forced liquidations were to occur.
0:00 Tom Lee and Bitmine Saves ETH?
01:17 Fact Check: Was there an ETH Rescue?
04:27 Why is Tom Lee Acquiring ETH (Hint: Stablecoins)
05:25 Tom Lee’s Price Predictions
06:51 Conflict or Interest?
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=tECp8rgSLLI
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
