On October 16th, in the latest issue of Fortune magazine's Crypto Playbook video, Tom Lee, chairperson of BitMine, said that the bubble in digital asset treasury companies may have burst.
Although Ethereum has struggled at times in recent years under the influence of the proliferation of other blockchains and its own technical challenges, Lee believes that Ethereum remains "Wall Street's blockchain", especially as financial firms explore applications for stablecoins and various tokenized assets, many of which are native to Ethereum. As more and more digital asset treasury companies enter the public market, Lee notes, many are trading below their net asset value, the value of their underlying cryptocurrency holdings.
Tom Lee: The bubble in digital asset treasury companies may have burst
2025-10-16 14:16:00
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