Tom Lee expects Ethereum to outperform Bitcoin on AI, tokenization

BitMine Chairman Tom Lee has identified BMNR as the US-listed stock most closely tied to Ethereum, citing an 80% correlation while predicting that ETH will outperform Bitcoin during the current cycle. Summary BitMine showed an 80% correlation with ETH in Fundstrat’s comparison of 17 large-cap stocks. Lee expects tokenization and AI applications to support Ethereum’s performance against Bitcoin. BitMine held 5.82 million ETH, or 4.8% of the token’s supply, as of Aug. 16. US spot Ethereum ETFs attracted $365 million in July, compared with $205 million for Bitcoin funds. Fundstrat said in a Friday post on X that its study covered 17 companies with market values above $2 billion, giving stock investors a list of publicly traded businesses that have moved closely with Bitcoin or Ethereum. For equity investors seeking exposure to crypto, particularly the sizable moves made by @ethereum and BitcoinThe 17 large cap (>$2b) stocks with correlation to crypto shown below:– $BMNR highest correlation to $ETH (80%)– next closest is $COIN (74%)– $MSTR highest… pic.twitter.com/p7CM92Uk6m— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) August 21, 2026 BitMine Immersion Technologi...