Tom Lee, the founder of Fundstrat Global Advisors and chairman of Bitmine (BMNR 2.48%), is fiercely bullish on cryptocurrencies. He told investors to buy Bitcoin (BTC 0.08%) in 2017, when it was still trading at about $2,600, and claimed it could hit $20,000-$50,000 by 2022. Bitcoin reached $20,000 just a few months later and now trades at about $64,000.

Lee was initially less bullish on Ethereum (ETH 0.74%), but he began recommending it in late 2024. After being appointed as Bitmine’s chairman last June, Lee had the company build its own Ethereum Treasury. Today, Bitmine holds 5.54 million Ether tokens, or 4.6% of its circulating supply, making it the world’s largest corporate holder of Ethereum.

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The price…