Bridger PenningtonFund Launch & Investment Expert

Tom Lee’s big bet on Ethereum, his stock is up around 700% in one day!

30 Jun 2025 · 1 min

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Tom Lee announced a major Ethereum investment, and his firm's stock jumped 700% on the news. Ethereum handles 61% of layer-1 blockchain transaction volume and powers stablecoins for Goldman Sachs and JPMorgan, yet trades down 30% year-to-date.

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So this is Tom Lee and his company's stock is up around 700% today. So what's going on? Well, Tom Lee is a famous investor. Today announced that they are going to do a MicroStrategy on Ethereum. They— all the infrastructure that banks are using to build stablecoins, Goldman, JP Morgan, are using Ethereum as the backend. Right now Ethereum is roughly 61% of the total volume on as a layer 1 blockchain in crypto. And right now Ethereum hasn't been so hot. And this year to date, we're down about 30% in Ethereum. despite it being the backbone of all crypto. We'll see if this big bet from Tom Lee pays off, but our fund, we love Ethereum because of all the fundamentals behind it. And so far, the market seems to be really be liking what he's doing. We'll see if this is the next breakout quarter or 2 quarters for Ethereum as alt season seems to be coming inbound. We'll see what happens.