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Ether can flip Bitcoin, BitMine chairman Tom Lee says
Crypto Trends

Ether can flip Bitcoin, BitMine chairman Tom Lee says

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The Ethereum/Bitcoin rivalry is real, according to Tom Lee, chairman of BitMine and co-founder of Fundstrat.

Lee, a key Ethereum stakeholder whose market influence stems from his institutional investments and public advocacy, claims that ETH can reach $60,000 in five years and has a 50% chance of flipping Bitcoin.

However, while Ether has been performing undoubtedly well this past summer, topping Bitcoin is a hot take.

Summary

  • After the immensely bullish summer for Ether, the “ETH will flip BTC” narrative is back.
  • Ethereum flipped Bitcoin in spot ETF inflows and demonstrates consistent growth.
  • Despite Ether’s success, it must reckon with Bitcoin’s status and so-called “Ethereum killers.”

Crypto influencers tend to argue, on X, that Ethereum earns extra praise when Bitcoin is down. A closer comparison between the two cryptocurrencies show that, in the long run, Ethereum is gradually going down against Bitcoin. 

Ether was at its peak price against BTC in February 2018 at 0.13 BTC per Ether. In the spring and the fall of 2021, when Bitcoin was trending higher, the peak Ether prices were in the 0.08–0.09 BTC range.

Fast-forward to 2025: at 0.04 BTC per ETH, one Ether is worth 4 million sats — fewer than before. In other words, after the spring of 2021, Ether’s price saw no serious spikes against Bitcoin. 

The ETH/BTC price chart | Source: TradingView

While Ether has gained price against Bitcoin since April — its price rising from 0.019 to 0.04 — in BTC terms, each unit of ETH is cheaper than it was in 2021 or 2017. 

Therefore, despite Ether’s current price of $4,280 (a 92.5% rally from last year), Bitcoin maintains its position as the dominant cryptocurrency. As Jeff Embry of Globe 3 Capital put it:

“ETH has too high a hill to climb to surpass BTC, and the drivers of what creates value for both should keep BTC in the lead.”

Ether competition

Spot ETFs for Ether rivals are on the horizon, and treasury holdings in other digital assets could challenge Ether’s dominance. For example, Tron’s low-cost transactions may gain traction as stablecoins expand.

While Ether could outpace Bitcoin, it remains far below its 2017 highs, and its uncapped supply limits its potential to surpass Bitcoin.

Lee’s bold predictions come as BitMine Immersion Technology (BMNR) strategically shifts its focus to building a large Ethereum treasury.

Meanwhile, Michael Saylor’s Bitcoin-focused Strategy is facing challenges, having been recently sued by investors and snubbed from the S&P 500.

Ethereum: the bullish case

As of Sept. 6, Bitcoin’s market cap is over $2.2 trillion. Ether’s market cap is $515 billion. But, in April, the market cap of Ether was below $180 billion, so it grew considerably in the summer months.

Ethereum co-founder Joseph Lubin says it’s only a matter of time before his brand of crypto closes the gap.

“ETH will likely 100x from here,” he posted to X on Aug. 30. “Probably much more.”

Ethereum co-founder Joseph Lubin hinted on CNBC that he believes $ETH could flip $BTC within “the next year or so, especially with these treasury companies driving things.”

At bitcoin’s current market cap, ETH would need to be around $20,000 to flip it. pic.twitter.com/o3730nEmCY

— Satoshi Stacker (@StackerSatoshi) August 10, 2025

Before June, Ether struggled amid criticism of large sales by the Ethereum Foundation, which contributed to price declines.

Solana eventually surpassed Ethereum as a leading platform for memecoins. And this past spring, ETH was trading below $2,000.

By July, Ether gained over 60% while Bitcoin gained only around 10%. Ethereum dominance doubled between May and August, going from 7% to 14%.

The summer of 2025 saw a lot of factors contributing to Ether’s bull run:

  • BitMine’s Ether pivot.
  • Massive Ether ETF inflows and intensifying stablecoin race.
  • The European Union plans to use Ethereum for a digital euro.

    Under Lee, BitMine Immersion Technology turned into the second-biggest digital asset treasury in the world and the top corporate ETH holder. As of Aug. 25, it owns 1.71 million Ether units. The company aims to buy 5% of the Ether supply. At the current stage, it owns nearly a third of the needed amount. 

    Lee isn’t the only one who cares about BitMine’s success. Big-name investors like Peter Thiel, Cathie Wood, and Bill Miller III now hold large stakes in the company. The company announced its plans to issue $20 billion worth of BMNR stock to raise capital for further increase of ETH holdings.

    ETFs

    Spot Ethereum ETFs have outpaced Bitcoin ETFs, signaling strong institutional demand. In July, Ethereum ETFs saw $1.8 billion in inflows versus $70 million for Bitcoin ETFs. This surge in 2025 followed Circle’s successful IPO, the GENIUS Act enabling stablecoin issuance, and growing stablecoin competition, with Ethereum supporting roughly half of the stablecoin market.

    On Aug. 22, the European Central Bank reportedly considered using Ethereum and Solana to issue a digital euro, potentially placing Ethereum at the core of a major economy. That same day, Fed Chair Jerome Powell’s Jackson Hole remarks hinted at a possible September rate cut, boosting liquidity. Combined, these developments propelled Ether near $5,000 for the first time on Aug. 29.

    Institutional investors are draining the Ether supply while drastically increasing demand for it. The amount of ETH held on exchanges has reached the lowest point in around ten years. These factors may contribute to the ETH price ascension. 





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Bitmine Reports $8.98B In Holdings In August Investor Update
Crypto Trends

BitMine Reports $8.98B in Holdings in August Investor Update

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BitMine Immersion Technologies, a crypto investment firm, has published its August investor presentation, titled “The Alchemy of 5%.” 

In the announcement, the firm also posted the newest installment of its monthly video series, “The Chairman’s Message,” with Chairman Tom Lee.

As of August 31, 2025, BitMine disclosed total holdings in crypto and cash of $8.98 billion, consisting of 1,866,974 Ethereum (ETH) tokens, 192 Bitcoin (BTC), and $635 million in unencumbered cash. 

BitMine is the largest holder of Ethereum (ETH) in the world and has the second-largest overall crypto treasury. The company started its ETH Treasury strategy on June 30. Now, it is just behind Strategy Inc. (MSTR), which holds 629,376 Bitcoin worth $71 billion.

Chairman Tom Lee on Strategy Outlook

Chairman Tom Lee drew a parallel between the current regulatory developments in the cryptocurrency space, such as the SEC’s Project Crypto and the GENIUS Act, and the 1971 end of the Bretton Woods system. 

He suggested that, similar to the transformation of financial markets following the end of the gold standard, “Ethereum is one of the biggest macro trades over the next 10-15 years.” As per Lee, Wall Street and AI moving onto the blockchain will transform today’s financial system, mostly on Ethereum.

BitMine’s aggressive accumulation strategy has garnered support from prominent institutional investors, including Cathie Wood’s ARK Invest, Pantera Capital, Kraken, Digital Currency Group (DCG), and Galaxy Digital. The company’s stock has experienced increased trading activity, with an average daily trading volume of $2.3 billion, ranking it among the top 25 most traded U.S.-listed stocks.

Also Read: ARK Invest Doubles Down on Ethereum, Buys $15.6M Bitmine Shares



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Bitmine Adds Another 4,871 Ethereum To Treasury: Now Holds $7.65B In ETH
Crypto Trends

Bitmine Adds Another 4,871 Ethereum To Treasury: Now Holds $7.65B In ETH

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum is holding steady above the $4,400 mark after a weekend surge that briefly carried it to fresh all-time highs. The rally, fueled by strong institutional demand and broader market optimism, has been tempered over the past two days as the price retraced to test lower levels. Despite the pullback, ETH remains one of the most closely watched assets in the market, with bulls and bears both eyeing the next decisive move.

Analysts are divided. Some argue that ETH’s ability to maintain support above $4,400 signals resilience and a potential setup for another rally toward $5,000. Others, however, see warning signs of buying exhaustion and raise concerns of a deeper correction if market sentiment shifts.

Adding to the intrigue, blockchain analytics firm Lookonchain revealed that Bitmine, Ethereum’s largest corporate holder, bought another 4,871 ETH worth $21.28M just 12 hours ago. This brings Bitmine’s total holdings to staggering levels, reaffirming the narrative of large-scale institutional accumulation.

The combination of strong whale activity, heightened institutional demand, and volatile short-term price swings underscores the pivotal moment Ethereum faces. Whether ETH breaks higher into uncharted territory or succumbs to correction pressures will be a defining factor for the broader altcoin market.

Bitmine’s recent Ethereum transaction | Source: Lookonchain

Ethereum Whale Accumulation Strengthens Bullish Outlook

According to Lookonchain, Bitmine currently holds 1,718,770 ETH valued at $7.65 billion, making it one of the largest corporate holders of Ethereum. This accumulation trend has become a defining feature of the current market cycle, with other companies such as Sharplink Gaming and Bit Digital also expanding their ETH positions. Such large-scale institutional buying reinforces the bullish continuation narrative and sets Ethereum apart as the leading altcoin for long-term growth.

Beyond accumulation, macro conditions and legal clarity in the US are playing a vital role in Ethereum’s outlook. The clearer regulatory environment is attracting more institutions, which now see ETH not only as a key player in decentralized finance but also as an asset with growing legitimacy. This shift in sentiment is fueling expectations for Ethereum to outperform in the coming months.

At the same time, liquidity dynamics are tightening. Exchanges are reporting declining ETH balances, while OTC desks such as Wintermute highlight a fast-paced decline in reserves. This suggests that supply is increasingly being absorbed by institutions and long-term holders, leaving fewer coins available on the open market.

The combination of institutional demand, regulatory clarity, and shrinking supply creates a powerful backdrop for Ethereum. While short-term volatility may persist, the underlying fundamentals point to a market primed for continuation toward new milestones.

Weekly Chart Signals Strength

Ethereum’s weekly chart shows that the asset is in the middle of a significant test after its surge to new highs above $4,800. Following that rally, ETH retraced sharply, now trading around $4,422, reflecting a volatile but healthy correction after weeks of steep gains. Despite this drop, the chart still shows ETH maintaining its broader bullish structure.

ETH testing ATH levels | Source: ETHUSDT chart on TradingView

The 50-week moving average (blue line) is curving upwards, signaling renewed momentum after months of consolidation earlier this year. Meanwhile, the 100-week (green) and 200-week (red) moving averages remain well below the current price, reinforcing that ETH is still in a strong macro uptrend. The retracement seems to be finding support around the breakout zone of $4,200–$4,400, which could act as a new base if bulls defend it.

The most notable takeaway is how ETH has broken free from its long consolidation between 2022 and early 2025, where the price struggled under $3,000. That multi-year resistance zone has now flipped into strong support, suggesting the potential for Ethereum to sustain higher levels in the months ahead.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitmine Expands Ethereum Treasury To 1.71M Eth Worth $7.9B
GameFi Guides

BitMine Expands Ethereum Treasury to 1.71M ETH Worth $7.9B

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BitMine Immersion Technologies is rewriting the playbook for corporate crypto strategy after snapping up Ethereum at a record pace. The company, based in the United States, confirmed on August 24 that it now controls 1,713,899 ETH valued at $7.94 billion. 

According to the release, it also has $562 million in cash and 192 Bitcoin, increasing its total reserves to $8.82 billion. This growth demonstrates how BitMine is transforming organizations’ approach to crypto treasury tactics.

The growth comes after BitMine bought 190,526 ETH worth $883 million last week, boosting its balance sheet by $2.2 billion. Hence, the firm now ranks as the number one Ethereum treasury worldwide. Moreover, it stands second in overall crypto holdings, just behind MicroStrategy, which owns over 629,000 Bitcoin valued at $71 billion.

Rapid Growth in Treasury Strategy

BitMine launched its Ethereum treasury program on June 30 and closed its first phase on July 8. Since then, it has scaled holdings with speed, supported by institutional investors. 

Besides, its stock has surged in response to these moves. Per Yahoo Finance data, BMNR shares ended at $53.49 on Friday, climbing 12.07% in a single session. Ethereum, on the other hand, traded at $4,662.35 according to CoinMarketCap, being down 2.08% in the past 24 hours.

Chairman Thomas “Tom” Lee of Fundstrat explained the company’s momentum. “In the past week, BitMine increased its crypto and cash holdings by $2.2 billion,” Lee stated. He further noted, “At BitMine, we are leading our crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock.”

Ethereum as a Macro Bet

Additionally, BitMine views Ethereum as a generational trade. Lee stressed, “We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years.” He pointed to Wall Street and artificial intelligence moving onto blockchain as catalysts for global financial transformation.

Moreover, BitMine’s crypto and cash NAV per share has soared to $39.84, up from $22.84 in late July. With average daily stock trading volume at $2.8 billion, the company has also become one of the most liquid equities in the US.

BitMine’s Ethereum push makes its dominance strong and also underscores Wall Street’s accelerating embrace of blockchain assets.

Also Read: Whales Move to Ethereum, Bitcoin Retreats Near $112,700 Mark



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Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH
Crypto Trends

Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum is once again in the spotlight after smashing through its previous all-time high, reaching $4,886 on Friday with an explosive 14% daily surge. This breakout underscores the strength of ETH’s ongoing bullish trend and highlights its growing dominance in the crypto market. While Bitcoin has been consolidating around familiar levels, Ethereum has become the focal point of institutional interest, with large players increasingly allocating capital to the asset.

Fundamentals remain robust, as both on-chain and market data confirm that Ethereum demand is accelerating. Institutions, funds, and whales are not only holding but also aggressively adding to their positions, signaling conviction in Ethereum’s long-term value. According to Arkham Intelligence, Tom Lee’s Bitmine has just bought $45 million worth of ETH, further cementing the narrative of large-scale accumulation. This move aligns with a broader trend of influential investors and organizations betting on Ethereum as the backbone of decentralized finance and the leading smart contract platform.

The combination of new highs, institutional adoption, and growing market confidence places Ethereum at the center of attention heading into the next phase of the cycle. Bulls now expect price discovery to unfold, potentially pushing ETH toward uncharted territory.

Institutional Accumulation Signals Bullish Upside

Ethereum’s rally is increasingly being fueled by deep-pocketed institutional players, with Arkham reporting that BitMine now holds $7 billion worth of ETH. This staggering position makes BitMine the largest corporate holder of Ethereum, with 1.518 million ETH under its control—equivalent to roughly 1.3% of the total supply. Far from slowing down, BitMine continues to accumulate, reinforcing the narrative that institutions see Ethereum as a cornerstone asset for the future of digital finance.

Bitmine’s Ethereum Holdings | Source: Arkham Intelligence

Close behind is SharpLink Gaming, the second-largest corporate holder, which has amassed 729,000 ETH valued at approximately $3.2 billion. Together, these two players represent a significant concentration of Ethereum in corporate treasuries, underscoring the scale of institutional conviction. Analysts point out that such accumulation not only locks away massive amounts of ETH from circulation but also shifts market dynamics by tightening available supply.

When large entities consistently buy and hold, it often signals confidence in both the asset’s utility and long-term price appreciation. Many market participants view Ethereum’s latest breakout above its 2021 all-time high as only the beginning, with corporate demand providing a strong foundation for further gains. If this pace of accumulation continues, Ethereum could be entering the kind of supercycle many investors have long anticipated.

Weekly Outlook: Key Resistance In Play

Ethereum’s weekly chart shows a powerful rebound that has carried the asset to new highs not seen since late 2021. After finding strong support near the $2,400 region earlier this year, ETH has staged a decisive rally, surging past its long-term moving averages (50, 100, and 200-week SMAs) and breaking through resistance levels that previously capped momentum. This breakout has culminated in a fresh push toward $4,779, putting Ethereum firmly back into price discovery territory.

ETH testing ATH resistance | Source: ETHUSDT chart on TradingView

The structure of the chart highlights how bulls have regained control. ETH has posted consecutive bullish candles, with strong buying momentum following institutional accumulation trends reported on-chain. The alignment of the moving averages — with the 50-week SMA turning upward above the 100 and 200-week SMAs — signals a strengthening long-term bullish trend.

However, the rapid pace of this climb also raises the risk of short-term exhaustion. ETH is now trading near historically significant resistance levels that align with prior cycle peaks, which could spark profit-taking among traders. If a retracement occurs, $4,300 and $3,800 emerge as key support zones to watch.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitmine Becomes 2nd Largest Crypto Treasury Company: Now Holding $6.6B In Ethereum
GameFi Guides

Bitmine Becomes 2nd Largest Crypto Treasury Company: Now Holding $6.6B In Ethereum

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BitMine, a publicly traded company renowned for its bold treasury strategy, has officially become the second-largest crypto treasury company in the world. The firm now holds more than $6.6 billion worth of Ethereum (ETH), totaling 1.52 million tokens — a staggering 1.26% of the total ETH supply.

This milestone underscores BitMine’s aggressive accumulation strategy, which has set it apart from other institutions and corporate treasuries in the crypto space. What makes this move even more significant is BitMine’s long-term vision: the company has set a target of holding 5% of Ethereum’s total supply, meaning they are already 25% of the way toward their ambitious goal.

The announcement sends a strong signal to markets and institutional investors. Ethereum’s growing role as both a financial and technological backbone of Web3 is attracting corporations to treat ETH not just as an asset, but as a strategic reserve. BitMine’s approach mirrors the conviction once seen in Bitcoin-focused treasury strategies, but it places Ethereum front and center in the evolving digital asset economy.

BitMine Becomes The Leading Ethereum Treasury

BitMine has cemented its position as the largest Ethereum treasury in the world, now holding over $6.6 billion worth of ETH, up from $4.9 billion just last week. This rapid increase highlights the company’s aggressive accumulation strategy and its conviction in Ethereum’s long-term value. The treasury currently accounts for 1.52 million ETH, making BitMine the undisputed leader in Ethereum corporate holdings.

BitMine Latest Crypto Transactions | Source: Arkham Intelligence

Globally, BitMine now ranks as the second crypto treasury company overall, second only to Michael Saylor’s Strategy, which dominates Bitcoin holdings. This milestone underscores the shifting landscape of institutional crypto adoption, where Ethereum is increasingly being recognized as more than just the leading smart contract platform — it is becoming a core reserve asset.

Notably, BitMine now holds more ETH than Sharplink Gaming, The Ether Machine, and The Ethereum Foundation combined. This marks a turning point in the treasury race, where corporations are no longer competing on Bitcoin alone but are diversifying into Ethereum at unprecedented levels.

This growing trend is likely to continue as ETH gains momentum, supported by strong institutional demand, ETF inflows, and broader adoption across decentralized finance and real-world asset tokenization. Analysts believe that if BitMine maintains its current pace, its treasury strategy could reshape how companies manage long-term reserves in the digital economy.

ETH Facing Critical Test

Ethereum is currently trading near $4,310 after a sharp retrace from its recent peak above $4,790. The chart highlights that ETH has entered a consolidation phase after weeks of strong bullish momentum, with price now testing key support levels.

ETH is trading above key demand levels | Source: ETHUSDT chart on TradingView

The 50-day moving average is trending upward and currently sits near $3,560, well below current price levels, signaling that the broader bullish structure remains intact. Meanwhile, the 100-day and 200-day moving averages at $3,048 and $2,575, respectively, also confirm strong long-term support. This alignment suggests that despite the pullback, Ethereum’s broader trend is still positioned for growth.

If ETH manages to hold this level, a rebound back toward resistance at $4,600–$4,800 is likely in the short term. However, a breakdown below support could open the door for a deeper retrace toward $3,800. The coming sessions will be key to determining direction.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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