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Lee Corso's impact felt far beyond 'College GameDay' audience
Esports

Lee Corso’s impact felt far beyond ‘College GameDay’ audience

by admin August 28, 2025


  • Ryan McGeeAug 28, 2025, 07:00 AM ET

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    • Senior writer for ESPN The Magazine and ESPN.com
    • 2-time Sports Emmy winner
    • 2010, 2014 NMPA Writer of the Year

“Appreciate you, young man.”

With all due respect to “Not so fast, my friend,” those aren’t the words that first come to my mind when I think of Lee Corso, who will be making his final “College GameDay” appearance Saturday at Ohio State. Instead, it’s that first sentence. Because those are the first words I ever heard from Coach. Well, the first I heard in person.

By the time he said that to me, on Saturday, Oct. 1, 1994, I had already heard him say so many words, but always through a television speaker. I had been watching him on ESPN for seven years. When “College GameDay” debuted Sept. 5, 1987, I was a high school student living in a college-football-crazed house in Greenville, South Carolina. My father was an ACC football official, and my role at the house was to get up Saturday mornings and make sure the VCR was rolling on Dad’s game that day so he could break down the film when we got home from church on Sunday.

Then, what to my wondering eyes did appear but a new ESPN studio show, previewing all of the day’s college football games, including wherever Pops might be with his whistle. It was called “College GameDay,” and that night in the same studio, the crew was back with highlights of all those games. It was hosted by Tim Brando, whom we knew from “SportsCenter,” with analysis provided by human college football computer Beano Cook and … wait … was that the guy who used to coach at Indiana? The last time we saw him, wasn’t he coaching the Orlando Renegades to a 5-13 record during the dying days of the USFL?

ESPN Illustration

Brando tells the story of Corso’s ESPN audition, how the then-52-year-old looked at his would-be broadcast partner and said, “Sweetheart, I’m here for the duration. This show is going to be the trigger for your career and my career. I’m going to be the Dick Vitale of college football. Football doesn’t have one. And this show is going to be my vehicle.”

That vehicle shifted into drive and stayed there, even as “College GameDay” remained parked in Bristol, Connecticut. Eventually, Brando moved on and wunderkind Chris Fowler took over as host. They were joined by former running back Craig James, who was nicknamed the “Pony Patriot” because of his college tenure at SMU and his NFL stint in New England. But that’s not what Coach called him. He addressed James as “Mustang Breath.”

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That was the formative years “GameDay” lineup I consumed so hungrily during my college days in Knoxville, Tennessee. My roommates and I rose groggily on Saturday mornings to see whether Corso picked our Vols to win that day before stumbling out the dorm doors to grab a cheeseburger and head to the Neyland Stadium student section. If he said Tennessee was going to win, we declared him a genius. If he said the Vols were going to lose, we would scream, “What the hell do you know?! You only lasted one year at Northern Illinois!” That night, pizza in hand, we would watch him on the scoreboard show and again shout at the television. It was either “Spot on, Coach!” or “Hey, Coach, not so fast, my friend!”

Those were the autumns of the early 1990s. Just as Coach had predicted, “College GameDay” had indeed been a trigger. And he indeed was becoming the face of the sport he loved so much. At home, we could feel that love because we recognized it. We loved college football, too. Whether Corso picked your team or not, his passion for the sport was indisputable. That created a connection. Like seeing the same friends every Saturday, the ones whose season tickets have always been next to yours. Or the tailgater who has always parked in the spot next to you, offering up a beer and a rack of ribs. Or the guy you happen to meet as you are both bellied up to a sports bar on Saturday to watch college football games. All of them.

ESPN Illustration

In a business full of phony, Lee Corso has always been the genuine article. And in a world full of awful, Lee Corso has always been fun. All at once so irresistibly relatable but also larger than life.

So, now, imagine my through-the-looking-glass moment of that first time I heard him speak to me directly. That October Saturday in 1994. I was an entry-level ESPN production assistant, barely one year out from those dorm days at Tennessee. I was also barely five years from bowls of cereal back in our Greenville family room, labeling a VHS tape for my father while watching Corso break down what he thought might happen in Dad’s game.

“Appreciate you, young man.”

My assignment that day was to cut and script a highlight of my alma mater as the Vols hosted No. 19 Washington State. The headliner play was a long touchdown run by wideout Nilo Silvan on a reverse pitch from some kid named Peyton Manning. But the quiet play that really handed the Vols the upset was a fourth-down conversion early in the fourth quarter, when a 1-yard Manning run earned the first down by barely an inch, all while still in Tennessee territory. That set up a field goal that ended up sealing the 10-9 win.

Back then, every ESPN highlight was produced in a converted basement room crammed with tape machines and filled with the noise of 20-somethings like me, scrambling in and out of the edit rooms that lined what we called “screening.” When you were done piecing together your one-minute tape and scribbling out a handwritten script, you ran out of that edit room and down the hallway to the tape room and TV studio to deliver it all.

ESPN Illustration

As we were about to pop my Tennessee-Wazzu tape for the delivery dash, the door to our edit suite opened. It was Lee Corso. Without us knowing it, he had been watching through the window to see what plays we had included in our highlight. Without saying a word, he pointed at my script — called a “shot sheet” — and motioned for me to hand it to him. He read it, flipped it around so it was facing me and used his finger to tap the box describing that decidedly nonsexy fourth-quarter fourth-down conversion.

“Appreciate you, young man.”

Then he continued.

“I came down here to make sure you had this play in there. That was the play of the game. If we hadn’t had that play in this highlight for me to talk about, then I would have looked like a dummy. And I don’t need any help in that department, do I?”

He squeezed the shoulders of my editor, the guy at the wheel of the machinery.

“I appreciate you, too.”

ESPN Illustration

Then he walked out into the furious racket of screening and shouted through the aroma cloud of sweat and pizza, “How we doing, troops!”

Someone shouted back, “How was Nebraska, Coach?” A reminder that this was the first year that “College GameDay” had hit the road. They went out once in 1993, to Notre Dame, as a test. It went well, so they were headed out six times in 1994. Just two weeks earlier, they had gone to Lincoln, the show’s third-ever road trip.

He replied: “Lot of corn and big corn-fed dudes!”

Another shout: “You excited about going to Florida State-Miami next week, Coach?”

“Let’s hope it goes better than when I played there!” A reminder that the Florida State defensive back they called the “Sunshine Scooter,” who held the FSU record for career interceptions (14) for decades, was a career 0-2 against the Hurricanes in Miami.

Before Coach scooted back down the hall to the studio, he said it again. This time to the entire room of kids desperately trying to find their way in the TV sports business.

“I appreciate y’all!”

ESPN Illustration

That was more than three decades ago. And whenever I recall that story, it is echoed back to me by every single person who was in that screening room with me back in the day. And the people who first went out on the road with “College GameDay” in the mid-1990s. And the people who are out there with the show today.

In so many cases, it’s the same people. Jim Gaiero, the current producer of “GameDay,” was also down in screening back in the day. The group that produced the incredible “Not So Fast, My Friend” ESPN documentary was led by a handful of Emmy Award-winning feature producers who also were down in the pit, and also were recipients of so many “appreciate you”s.

It is impossible to measure the impact of someone like Corso, the face of his sport, taking those moments to encourage, to mentor, and to, yes, coach. That’s not common. But neither is he.

On the morning of the 2024 Rose Bowl, the College Football Playoff semifinal between Alabama and Michigan, I was sitting with Coach just before he headed out to the “GameDay” set. I shared with him that story from 1994 and told him how much it had always meant to me. He replied: “Winning games is great. But any real coach will tell you that isn’t the best part of the job. It’s watching those that you coached up as kids, seeing them grow into adults, have great jobs and raise great families. That’s why you do it.”

ESPN Illustration

Lee Corso spends every Saturday surrounded by those he has coached. And that’s why it has been and will be so hard to say goodbye. It’s why there was never an icicle’s chance in Phoenix that Corso was going to be off the show after he suffered a stroke. It’s why he was still part of the show in 2020, when COVID-19 had him stuck at home in Florida as the rest of the crew was back on the road. It’s why he has been on the show ever since it was born, even as it has grown from a few guys in a studio to a few dozen fans behind the stage on the road to the rock concert circus caravan that it is today. Exactly what Coach believed it could be when he showed up for that first audition 38 years ago.

Love. That’s why.

You see it in the eyes of those who work on the show. The way they look out for him. The way they still hang on every word he says. We all see it very publicly when we watch Kirk Herbstreit. It’s hard to remember when we see the current Herbie, the father-of-four statesman of the sport, but when he first joined “College GameDay” in 1996, he had just turned 27, less than four years out of Ohio State. When Kirk posts those early Saturday morning videos of Coach sharing a story or Coach pulling a prank or Coach cracking himself up as he tries to figure out how to navigate an overly complicated escalator, we all feel that. Just as we have felt that since the first countdown to the first “College GameDay” on Sept. 5, 1987.

Not so fast? It has gone by too fast. But what a friend.

Appreciate you, Coach.



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August 28, 2025 0 comments
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Uptober? Ethereum Savior Tom Lee Sees Crypto Outperforming in Q4
Crypto Trends

Uptober? Ethereum Savior Tom Lee Sees Crypto Outperforming in Q4

by admin August 26, 2025


Fundstrat’s Tom Lee has predicted that crypto (particularly Ethereum) could outperform in the fourth quarter of the year. 

His market research firm expects the U.S. Federal Reserve to follow through and start cutting rates. 

Lee’s price targets for ETH

Lee believes that Ethereum (ETH) will be able to hit $5,500 within the next couple of weeks.  

By the end of the year, ETH would be able to approach $10,000 or $12,000, Lee says. 

Lee has noted that crypto tends to show more volatility in the fourth quarter of the year. 

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“September is the month everyone’s gonna be worried about, so that’s the month you might get a pullback, but you need to be buying the dip,” Lee noted. 

Earlier today, Ethereum managed to reclaim the $4,600 level while Bitcoin seemingly continues its anemic price action, which shows that there is strong bullish momentum. 

Massive ETH holdings

According to data provided by analytics firm Arkham, Lee holds nearly $7 billion worth of ETH tokens, rapidly outpacing some of the other top corporate treasury tokens. 

World’s most important company 

Lee believes that Nvidia is currently one of the most “important” companies in the world. 

“So, I think Nvidia still is a great story. It really wouldn’t change our thesis if the stock reacted poorly, Lee said. 

The Fundstrat pundit insists that Nvidia is “a great story.”  

Bevy of IPOs

Lee has also predicted that there would be a “bevy of IPO” over the 12 months. “And I think, you know, if we look at the next 12 months, there’ll be a bevy of IPOs, some really big companies that are later stage,” Lee said. 



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August 26, 2025 0 comments
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GameFi Guides

Fundstrat’s Tom Lee Predicts Ethereum Bottom and Rally Above $5,000

by admin August 26, 2025



In brief

  • Ethereum sank below $4,350 early Tuesday before gaining ground.
  • Fundstrat managing partner Thomas Lee predicted that ETH would not fall below $4,000.
  • Lee expects ETH to surpass $5,000 in the near future.

Fundstrat Head of Research Tom Lee predicted that Ethereum would hit a temporary bottom Tuesday before beginning a climb beyond $5,000, shortly before the token began inching upward. 

Citing a message sent to him by Fundstrat Global Head of Technical Strategy Mark Newton, Lee, who also serves as chair of ETH treasury BitMine Immersion, endorsed the view that Ethereum will not fall lower than $4,000 in the near term.

Newtown suggested in his message that the altcoin will “bottom out sometime in (the) next 12 hours near $4,300,” although it was not precisely clear when he sent the message to Lee.

Ethereum currently dipped as low as $4,341 early Monday before rallying to its current level above $4,550. It is down about 1% over the past 24 hours and roughly 8% since reaching an all-time high of $4,946 on Sunday.



A Myriad Linea market found that 80% of the respondents believe that Ethereum will breach $5,000 this year.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

Newton and Lee suggested that the cryptocurrency could climb as high as $5,450, with an accompanying chart indicating that it could return to around $4,800 by the middle of September.

Not everyone agreed that Ethereum will rally in the immediate future, with TradeNation Senior Market Analyst David Morrison telling Decrypt that further declines may be coming in the near term.

“While I would agree that there could certainly be more upside as we head towards year-end, it remains significantly ‘overbought’ when considering its daily MACD [moving average convergence divergence],” he said. “To me, that suggests that it may pull back further from current levels before it can go appreciably higher, or, at the very least, there’s a period of sideways consolidation which could help blow some froth off it, similarly to the major US stock indices.”

Morrison argued that Bitcoin currently looks more attractive in itsupside potential, given that its daily MACD has now returned to neutral levels.

Other analysts also contended that Ethereum’s price could fall further in the near term, including eToro’s Simon Peters.

He told Decrypt, “Seasonality could play a part as September is historically one of the worst performing months for cryptoasset prices and with the price having rallied 250% since April, hitting a new all-time high, and looking a little technically overbought, it may present an opportunity for some long standing holders to realize gains.”

Peters also noted that Ethereum’s path could depend on the U.S. central bank’s decision on interest rates at its next monetary policy meeting on September 16 and 17. 

“If the Federal Reserve holds interest rates at their upcoming meeting in September, where currently the market is suggesting a cut, this may spark a further downside move in the short-term,” he added.

As for the medium term, Peters was confident that Ethereum is positioned nicely for “a strong run” at the end of the year, citing several factors.

“Firstly, the favorable regulatory environment for crypto, particularly in the U.S.,” he said. “This will lead more institutions to build on Ethereum serving as the base layer for stablecoins and real-world asset tokenisation.”

Peters also expects demand for Ethereum to remain strong, both from spot ETFs and  the growing number of public companies who have been steadily accumulating the token in recent months.

“At the same time, interest rates globally are falling and the money supply is going up,” Peters added, suggesting that a growth in disposable liquidity may lead more retail investors towards crypto.

While David Morrison acknowledged ongoing upgrades and institutional interest as factors in Ethereum’s favor, he remains cautious against expecting it to do something spectacular too soon.

“But at current levels, and considering their charts, it looks to me as if Bitcoin has more upside potential over the rest of the year,” he said. “I feel that Ethereum may need to work off existing frothiness before it can find a base from which to launch the next leg of its push higher.”

On the other hand, some analysts actually believe that Bitcoin is a risk for Ethereum in another way, in that BTC’s recent declines could impact ETH negatively.

This is the view of analyst and author Glen Goodman, who tells Decrypt that, while institutional interest in Ethereum ETFs could continue to help the altcoin, Bitcoin could drag down ETH if it continues to fall.

“ETH can probably defy a lackluster BTC, it could rise even while Bitcoin languishes,” he said. “But if BTC seriously nosedives, it’s unlikely ETH will be able to resist the downward pull of a crashing Bitcoin.”

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August 26, 2025 0 comments
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Crypto Bull Cycle Just Getting Started, Tom Lee Says
NFT Gaming

Crypto Bull Cycle Just Getting Started, Tom Lee Says

by admin August 24, 2025


Fundstart’s Tom Lee believes that the current cryptocurrency bull market is only in its early innings despite the fact that the biggest coins by market cap have recorded some impressive gains. 

His reasoning is based on the fact that traditional finance is still seemingly reluctant to embrace cryptocurrencies. 

According to the Morgan Stanley survey, did not own crypto:

– 2024: 69%
– 2025: 82%

This actually went up in 2025. This is a sign that it is still early in this crypto cycle

Tickers: $BMNR $GRNY https://t.co/04wgUNFHTX

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) August 24, 2025

Morgan Stanley sounding on crypto? 

Lee has pointed to the fact that the percentage of European Morgan Stanley interns who own crypto actually went down dramatically 

As reported by U.Today, the interns of the prominent bank have ditched both Bitcoin and Ethereum at a rapid pace over the past few years. For instance, 63% of them owned the largest cryptocurrency by market capitalization as of 2022. However, this percentage has now shrunk to only 12% in a dramatic reversal. 

In fact, XRP is the only token that has seen its ownership rates go up over the past two years (from zero to 5%). 

Prominent investor Dan Tapiero previously predicted that 2026 would be “a boom year” for cryptocurrencies. 

Bitmine’s vast ETH holdings 

As reported by U.Today, Lee previously opined that Ethereum (ETH) is supposed to be trading at $6,000 as of now. 

Lee’s Bitmine, the biggest corporate owner of the flagship atlcoin, has now surpassed a whopping $7 billion in total holdings, according to data provided by Arkham Intelligence. 

ETH’s new record high

In the meantime, Ethereum (ETH) recently hit yet another all-time high of $4,945, according to CoinGecko data. 

The flagship altcoin is enjoying a massive rally due to strong corporate adoption as well as extremely impressive ETF flows. 





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August 24, 2025 0 comments
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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

by admin August 24, 2025


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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August 24, 2025 0 comments
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Ethereum
NFT Gaming

Bitcoin Is Replacing Gold And Heading For A Million-Dollar Valuation, Tom Lee Declares

by admin August 19, 2025


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

In the early days of Bitcoin, the largest cryptocurrency was seen as a mere tech asset by early adopters and developers with no intrinsic value. However, BTC has since grown at an exponential rate over the years, slowly earning the reputation of Digital Gold in the crypto and financial landscape.

Gold Out, Bitcoin Taking Over

Bitcoin’s mainstream status is growing strong across the broader financial sector, with many well-known figures and companies doubling down on the crypto king. As Bitcoin takes over the finance system, Tom Lee, Veteran market strategist and Fundstrat Global Advisors CEO, reignited the bullish debate around BTC, its stark transformative potential, and role.

Trending Bitcoin on the social media platform X shared a short clip of a recent interview where Fundstrat’s CEO made the bold declaration about BTC. While underscoring BTC’s evolution from an ordinary tech asset to a mainstream asset, Lee has once again doubled down on his bold forecast that BTC may reach the million-dollar valuation in the years ahead.

In the interview, Lee gave his latest remarks on BTC, emphasizing that Bitcoin is not just a speculative asset but a viable replacement for Gold, the world’s largest asset. This audacious claim by Lee positions the crypto king as the ultimate store of value in the dynamic digital era.

Lee’s statement that BTC will replace Gold is backed by the conviction of market participants and the use cases of the asset, which have several use cases. With institutional adoption growing and investor confidence in conventional hedges declining, Bitcoin’s resilience and scarcity will solidify its role as the contemporary counterpart and ultimate replacement of gold.

Considering these developments, the CEO  has recalled his long-term bullish projections for Bitcoin, noting that it will hit the $1 million value over time. After sharing his price prediction, Lee also delved into the longstanding BTC 4-year cycle. 

According to the veteran strategist, the 4-year cycle could be drawing close to its end for BTC. This is because of how institutions are adopting the asset as the thesis is taking place. As a result, institutional investors and essentially permanent holders of BTC will start engaging with the crypto asset. 

Lee has declared this wave of strong investors a good thing for BTC. Thus far, the CEO expects the asset to significantly build on the $120,000, which would act as a launchpad to the $200,000 and $250,000 range before the end of this year.

Large Institutions Are Still Buying BTC

Despite facing heightened bearish pressure, large companies are showing robust confidence in Bitcoin, as they continue to purchase it in substantial portions. A recent BTC Buy from a Japanese-based firm, Metaplanet, demonstrates this persistent accumulation among big corporations.

In another strategic move, Metaplanet has acquired an additional 775 BTC, valued at $93 million at $120,006 per coin. According to the report shared by the firm’s president, Simon Gerovich, Metaplanet’s overall Bitcoin holdings now stand at 18,888 BTC, worth a staggering $1.9 billion. The data shows that the firm has achieved a yield of 480.2% year-to-date (YTD) in 2025.

BTC trading at $115,186 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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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August 19, 2025 0 comments
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Tom Lee Climbs to #2 in Corporate Crypto Race. Is Saylor Safe?
NFT Gaming

Tom Lee Climbs to #2 in Corporate Crypto Race. Is Saylor Safe?

by admin August 19, 2025


  • Ethereum’s Saylor 
  • Is Saylor’s crown safe? 

Tom Lee’s BitMine Immersion Technology (BMNR) has now climbed to second spot on the list of the biggest cryptocurrency treasury companies. 

According to data provided by Arkham Intelligence, it now holds a staggering $6.6 billion worth of Ethereum (ETH). In fact, it now controls close to 1.3% of the altcoin’s entire circulating supply. 

Ethereum’s Saylor 

Lee, who used to be JPMorgan’s chief equity strategist, co-founded Fundstrat Global Advisors in 2014. He gained prominence back in 2017 by becoming one of the first Wall Street analysts to openly back Bitcoin. 

The famed “permabull” had frequent TV appearances, during which he would make ridiculously bullish predictions in 2017 and early 2018 that backfired during the brutal cryptocurrency bear market that ensued shortly after. 

After briefly pausing his Bitcoin price predictions, Lee then continued making frequent appearances on CNBC with bullish cryptocurrency calls. As reported by U.Today, Lee predicted that Bitcoin could soar to $250,000 this year. 

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In June, however, Lee went from making permabullish predictions to spearheading a bold Ethereum treasury play. In June, it was announced that he had become the chairman of Bitmine, which used to specialize in providing immersive cooling solutions. 

Within a short span of time, Bitmine managed to attract some heavyweight investors, such as Peter Thiel, Bill Miller, and Cathie Wood. 

Earlier this month, Bitmine unveiled that it intended ot secure an additional $20 billion for future Ethereum (ETH) buys. 

Is Saylor’s crown safe? 

Despite surpassing some of the biggest Bitcoin treasury companies, Lee’s Bitmine is still miles away from Saylor. 

Strategy currently holds a whopping 629,376 Bitcoins that are worth a whopping $73.24 billion at current prices. 



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August 19, 2025 0 comments
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