Discussing the need for this alternative type to get exposure to crypto assets, Lee argued that DATS \u201care not just passive vehicles,\u201d and properly executed companies will get capital and be supported by investors.<\/p>\n
He noted that companies like Strategy and BitMine, the two largest crypto treasuries in the world, both see several billion dollars of daily trading volume, adding that \u201cthe two companies combined are 86% of all trading volume for the DATs.\u201d<\/p>\n
Lee was also asked about the argument that the trend is creating a potential bubble. Fortune\u2019s senior crypto analysts questioned whether the bubble might burst and have a negative impact now that there are hundreds of DATs in the market.<\/p>\n
He affirmed that the bubble has likely already burst, at least to some capacity, and argued that around 80% of these firms are trading below the net value of their underlying assets. \u201cIf that\u2019s not already a bubble burst (\u2026), how would that bubble burst?\u201d<\/p>\n
Nonetheless, BitMine\u2019s chair explained that instead of questioning if a bubble has burst, he prefers asking if the market has become discerning, which he thinks it already has.<\/p>\n
BitMine, Not \u2018Just\u2019 A DAT?<\/h2>\n
Lee argued that, while other crypto treasuries have not been creators of shareholder value, BitMine is \u201cnot just a DAT,\u201d but also the largest holder of Ethereum (ETH) in the world.<\/p>\n
Notably, BitMine is a Bitcoin and Ethereum Network Company with a focus on accumulating crypto for long-term investment. The company aims to own 5% of Ethereum\u2019s total supply, currently holding 3.03 million ETH tokens, or over 2.5% of the total supply.<\/p>\n
According to Lee, this gives BitMine multiple roles, including providing a significant amount of security to the Ethereum network. Based on these roles, he considers the company is \u201cessentially a liaison between how Wall Street views future upgrades to Ethereum, to the community.\u201d<\/p>\n
\u201cSo we’re not just a DAT. We’re becoming, you know, one of the important voices within Ethereum, and that really was our goal. You know, that’s why, when BitMine was created,\u201d he said.<\/p>\n
Adding to his argument, Lee has previously asserted that the company is confident that the two \u201cSupercycle investing narratives remain AI and crypto,\u201d which will \u201cplay out over decades.\u201d<\/p>\n
As a result, he considers that \u201cEthereum remains the premier choice given its high reliability and 100% uptime.\u201d During the Podcast, BitMine\u2019s chairman reaffirmed this stance, stating:<\/p>\n
\u201cThe tokenization of everything else, (…), is in the quadrillions. You know, especially as AI moves towards micro payments, which need to happen on the blockchain. That to me is a bigger opportunity, and (\u2026) Ethereum is where a lot of this is going to be built. (\u2026) So to me, there’s still an exponential opportunity in owning ETH over Bitcoin,\u201d Lee concluded.<\/p>\n
![\"Crypto,](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/ETHUSDT_2025-10-16_14-38-08.png?w=860&resize=860%2C466\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
BitMine\u2019s Chairman, Tom Lee, has shared his perspective on the recent surge of crypto-focused treasury companies and the future of this multi-billion-dollar trend. Crypto DATs Bubble Already Burst On Thursday, BitMine\u2019s Chairman Thomas \u201cTom\u201d Lee joined Fortune\u2019s Crypto Playbook Podcast to discuss the surge of Digital Assets Treasury (DAT) companies and why he thinks the…<\/p>\n","protected":false},"author":1,"featured_media":7779,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[56,2757,61,85,3602,33,3743,3744,64,66,3399,2758,68,1850,1968],"class_list":["post-7778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-bitmine","tag-btc","tag-crypto-market","tag-crypto-treasury-company","tag-cryptocurrency-market-news","tag-dats","tag-digital-asset-treasury","tag-eth","tag-ethereum","tag-ethereum-bitmine","tag-ethereum-treasury","tag-ethusdt","tag-strategy","tag-tom-lee"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/7778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=7778"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/7778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/7779"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=7778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=7778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=7778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}