Tom Lee Suggests Ethereum and Bitcoin May Coexist as BitMine Nears $10 Billion in Ethereum Holdings

• BitMine now holds roughly $9.3B in Ethereum following a $200M buy.

• Fundstrat’s Tom Lee publicly framed Ethereum and Bitcoin as allies, posting a selfie with Michael Saylor.

• Comparative treasuries: BitMine ~$9.3B, SharpLink ~$3B, Strategy (Michael Saylor) ~$3B — sourced from company disclosures and market reports.

BitMine Ethereum holdings surge to $9.3B, spotlighting treasury competition and Tom Lee’s pro-Ethereum stance — read key details and implications now.

What are BitMine’s current Ethereum holdings?

BitMine holdings currently total around $9.3 billion in Ethereum after the company’s recent $200 million acquisition. This places BitMine among the largest corporate Ethereum treasuries based on reported on-chain and company-disclosed balances.

How did Tom Lee and Michael Saylor respond publicly?

Fundstrat’s Tom Lee posted a selfie with Michael Saylor to stress there is no rivalry between Ethereum and Bitcoin. Lee, who became chairman of BitMine, framed the two communities as complementary, countering earlier criticism from portions of the Bitcoin community about his pivot toward Ethereum initiatives.

Fundstrat’s Tom Lee, who has become a prominent advocate within the Ethereum community, clarified there is no feud between him and Strategy founder Michael Saylor. Lee shared a selfie with Saylor and emphasized that Ethereum and Bitcoin are friends, attempting to cool earlier tensions.

As reported by COINOTAG, Lee previously drew criticism from some Bitcoin purists after he shifted focus toward Ethereum through BitMine Technologies. Lee accepted the chairmanship at BitMine in June and has since overseen a rapid expansion of the company’s Ethereum treasury strategy.

BitMine, which specializes in immersive cooling technologies for miners, has used corporate treasury allocations to accumulate Ethereum. The company recently added about $200 million in ETH, bringing its total holdings to an estimated $9.3 billion.

Why does BitMine’s accumulation matter?

Large corporate treasuries can influence market perception and institutional adoption. BitMine’s $9.3B in Ethereum signals substantial institutional interest and creates a new benchmark for corporate crypto holdings.

How do BitMine’s holdings compare to other corporate treasuries?

Below is a concise comparison based on reported figures and company disclosures:

Frequently Asked Questions

How much did BitMine buy most recently?

BitMine’s most recent disclosed purchase was approximately $200 million in Ethereum, which pushed the company’s total estimated treasury to roughly $9.3 billion.

What have critics said about the move?

Some Bitcoin-focused observers criticized BitMine’s fundraising and branding choices, suggesting potential confusion around the company’s messaging when leveraging Bitcoin-related imagery. These criticisms were documented in recent market press, including coverage by COINOTAG.

Key Takeaways

• Scale: BitMine’s Ethereum holdings are now roughly $9.3B, making it a major corporate treasury holder.
• Market signal: Institutional accumulation highlights rising corporate allocations to Ethereum as part of treasury strategies.
• Community relations: Tom Lee framed Ethereum and Bitcoin as complementary, aiming to reduce community friction.

Conclusion

BitMine’s accumulation to about $9.3 billion marks a significant institutional allocation to Ethereum and reshapes comparisons among corporate treasuries. Fundstrat’s Tom Lee has publicly signaled cooperation with Bitcoin advocates, emphasizing complementary roles. Monitor official company disclosures and on-chain analytics for updates and verification.

Published by COINOTAG — last updated 2025-09-11.