Ethereum The Next Big Thing In Banking? Tom Lee Thinks So And Wants This Small-Cap Company He Chairs To Front-Run The Likes Of Goldman Sachs, JPMorgan

Financial analyst and strategistTom Leestated Monday thatEthereumETH/USDwill play a crucial role in the banking sector’s future, highlighting the rationale for buying and holding the second-largest cryptocurrency in reserves.What Happened: During a CNBC interview, Lee was confident that financial behemoths such asGoldman Sachs Group Inc.GSandJPMorgan Chase & Co.JPMwould use Ethereum topower their stablecoin offerings.“Ethereum is also the architecture that future banks will have. When Goldman issues a stablecoin and JPMorgan doing it on Ethereum, as a Layer-1 blockchain they’re going to want to secure it by staking Ethereum,” Lee said. “We’re trying to get in front.”Lee announced his new role as chairman ofBitMine Immersion TechnologiesBMNR, a small-cap Bitcoin mining firm that will transition to an Ethereum-focused treasury company, adopting ETH as its primary reserve asset.He said that the company wants to “get in front” of the impending ETH accumulation by Wall Street giants.BitMine shares skyrocketed on Monday, closing at $33.90, up 694%. As of this writing, the stock had an average Value rating and a poor Momentum. Visit Benzinga Edge Stock Rankings to see howStrategy Inc.MSTR, the pioneer of a cryptocurrency treasury a, stacks up.Get StartedTrade Bitcoin, Ethereum, and More Instantly — No Wallets, No HassleSpeculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.Get StartedDisclosure: 82% of retail CFD accounts lose moneyWhy It Matters: Ethereum works on aproof-of-stake modelwhere users contribute to the network’s security by staking ETH. It also lets users earn rewards in return.Moreover, due to its smart contract capabilities and its role as a leading platform for decentralized finance applications, it plays a significant role in powering stablecoins. According toDeFiLlama, it has a stablecoin market capitalization exceeding $126 billion, the highest among all networks.Price Action: At the time of writing, ETH was exchanging hands at $2,482.94, down 0.85% in the last 24 hours, according todata from Benzinga Pro.Loading...Loading...Photo Courtesy: alfernec on Shuttertsock.comRead Next:Ethereum Traders Target $4,000 In Summer: What’s Fueling The Optimism?$ETHEthereum$2464.80-0.87%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum76.65Price TrendShortMediumLongOverviewBMNRBitMine Immersion Technologies Inc$47.611016.3%GSThe Goldman Sachs Group Inc$708.422.55%JPMJPMorgan Chase & Co$290.001.01%MSTRStrategy$404.205.29%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyNewsSmall CapMarketsbanksETHEthereum TreasuryStablecoinsstakingTom LeeBenzinga simplifies the market for smarter investingTrade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.Join Now: Free!Already a member?Sign in