Bitmine share: Ethereum instead of Bitcoin? Tom Lee’s billion-in bet on the cryptom market
Bitmine takes a radical change from Bitcoin to Ethereum – and thus causes a sensation on Wall Street and in the crypto scene.
Values in this article
Shares
42.40 EUR -3.60 EUR -7.83%
13.60 EUR 0.46 EUR 3.47%
299.40 EUR 1.30 EUR 0.44%
currency
89,478,8593 CHF -433,2136 CHF -0.48%
95,615.5408 EUR -490.5334 EUR -0.51%
82,601,3541 GBP -389,7159 GBP -0.47%
16,429,925,1696 JPY -67,275,9712 JPY -0.41%
111,218,1065 USD -645.5265 USD -0.58%
3,687,7917 CHF -11.5488 CHF -0.31%
3,940.7096 EUR -13,4767 EUR -0.34%
3,404,3414 GBP -10.2414 GBP -0.30%
677,144,7707 JPY -1,615,7284 JPY -0.24%
4,583,7555 USD -18.7595 USD -0.41%
• Bitmine relies on Ethereum instead of Bitcoin
• Tom Lee invests billions in Ethereum
• New dynamics in the crypto market?
For many investors, Bitcoin is considered the undisputed flagship of the crypto world. But now Tom Lee, co-founder of Fundsstrat and the current chairman of Bitmine Immersion Technologies, is causing a stir: According to his own information, his company has built up the world’s largest Ethereum administrator in a short time-worth several billion US dollars.
Advertising
Over 600+ cryptos and 3,000 digital assets
Bitpanda is the Bafin-licensed crypto broker from Austria and the official crypto partner of FC Bayern Munich. Create your account with just a few clicks and benefit from 0% deposit and withdrawal fees.
Radical crypto return on the turn of the crypto: From Bitcoin-Miner to Ethereum giant
Bitmine was originally a classic Bitcoin miner. But instead of continuing to put Bitcoin on how many competitors, the company carried out a radical change of strategy. Supported by tech investor Peter Thiel, the company started its Ethereum trasure strategy in June 2025.
On August 11, 2025, Bitmine Mersion informed Technologies that the stocks of ETH-tokens have exceeded 1.15 million-a value of over $ 4.96 billion at the time of publication. According to the press release, Bitmine made this to the largest Ethereum administrator worldwide and the third largest crypto manager after Strategy and Mara.
But now Bitmine makes headlines again. Because the company seems to be continuously expanding its Ethereum position and, according to a press release, now holds 1.714 million ETH tokens. According to Strategy, Bitmine is now the second largest public crypto treasury in the world and has even overtaken Mara.
Tom Lee commented on the press release: “This is the second week in a row, in which Bitmine was able to state capital of institutional investors at this pace while we pursue the ‘alchemy of 5 %’ from ETH. […] At Bitmine we are leading among the crypto treasury members due to the high trade liquidity of our shares. ”
Bitmine share explodes – Ethereum with record high
The aggressive strategy did not go unnoticed on Wall Street. On August 24, according to Coinmarketcap, Ethereum reached a new all-time high of $ 4,953.73 (as of August 26, 2025). A remarkable jump, especially since the previous record high from 2021 dated. At the same time, the Bitmine share also experienced an unprecedented high-altitude flight: since the beginning of the year, the paper has increased by around 540 percent, reached a high at $ 161 in July and recently stabilized at around $ 50 (as of August 26, 2025). The current press release also says that Bitmine is one of the most traded stocks in the United States.
More than digital gold: Tom Lee’s plea for Ethereum
Tom Lee is known to swim against the electricity. According to Benzinga, the message is clear for him: Ethereum offers significantly more practical usefulness with staking rewards, smart contracts and scaling than the more static “digital gold” narrative from Bitcoin. It is precisely this argument that institutional investors also seems to be increasingly convincing. In contrast to Bitcoin, Ethereum offers regular yields and a wide range of real economy applications through staking.
“We are still convinced that Ethereum will be one of the largest macro trades in the next 10 to 15 years,” said Lee in the press release of August 25. “The entry of Wall Street and the AI into the blockchain should lead to a profound transformation of today’s financial system. And the majority of it takes place on Ethereum.”
Record inflows in Ethereum ETFs: Can ETH dominate the cryptoma market?
It remains to be seen whether Ethereum Bitcoin can overtake in the long term when it comes to market dominance. However, demand increases. Between the publication of the press report on August 11th and August 15th, according to Benzinga record inflows of $ 2.85 billion-the greatest weekly increase of all time. For comparison: Bitcoin-Spot ETFs only attracted $ 548 million in the same period.
It remains to be seen whether Ethereum can replace Bitcoin as a dominant cryptocurrency in the future – but the trend could speak for movement in the crypto market.
Bettina Schneider / Editor Finanzen.net
This text serves exclusively for information purposes and does not represent an investment recommendation. Finance.net GmbH excludes any regress entitlements.