Do you know Tom Lee? This guy is practically a legend in the market. He started on Wall Street in the 90s, worked at Kidder Peabody, Salomon Smith Barney, and then served as Chief Equity Strategist at JPMorgan from 2007 to 2014. The kind of person who truly understands numbers and isn't afraid to go against the tide when the data points that way.

What’s notable is that Tom Lee was literally the first Wall Street strategist to incorporate Bitcoin into a mainstream valuation model. In 2017, he published a framework suggesting that Bitcoin could partially replace gold. Since then, he has closely followed the crypto market.

But here’s the interesting part: in 2025, Tom Lee took on the role of Chairman of the Board at BitMine Immersion Technologies and began focusing on Ethereum. The strategy is ambitious—accumulate 5% of the total ETH supply. By August 2025, the company already held over 833,000 ETH in its wallet.

Why is Tom Lee so bullish on Ethereum? Some points he highlights: the stablecoin market has already surpassed $250 billion, with more than half issued on the Ethereum network. He projects this could grow to 2 to 4 trillion dollars in the coming years. Additionally, he sees Ethereum as the key infrastructure connecting traditional finance with the crypto world, especially with the growth of tokenization and AI.

Another detail Tom Lee mentions is institutional participation through staking. Wall Street isn’t just buying and selling—it’s participating in consensus, like a governance entry point. BitMine’s model amplifies value per share through staking yields.

Currently, ETH is at $2.11K with a market cap of $255 billion. If Tom Lee’s thesis about the growth of stablecoins and tokenization materializes, these numbers could change significantly. It’s worth watching how this long-term strategy develops in the coming years.