Michael Saylor Calls Tom Lee “The Bridge Between Wall Street and Ethereum”

At a time when Wall Street is still learning to speak crypto, Michael Saylor believes one man is already fluent in both worlds.

The Strategy Inc. co-founder and Bitcoin evangelist recently praised Tom Lee, the veteran Wall Street strategist and chairman of BitMine Immersion Technologies, calling him “the most visible and influential spokesperson in the entire Ethereum ecosystem.”

Saylor made the comments during his keynote speech at the BTC in DC conference on September 30, describing Lee as a key figure accelerating the institutionalization of crypto.

“Capital flows because it trusts Tom Lee,” Saylor said.

“He’s become the bridge between traditional finance and Ethereum.”

From Wall Street to Web3

Lee, who built his reputation as co-founder of Fundstrat Global Advisors, has long been known for his macro insights and market forecasts.

But in 2025, he made a surprising pivot: leading BitMine Immersion Technologies, a company now holding over 3.2 million ETH — worth approximately $12.6 billion — making it the second-largest crypto treasury in the world behind Strategy.

That move, Saylor says, signals something much larger than another investment trend.

“When someone with Tom’s Wall Street background sits down with early Ethereum builders like Vitalik Buterin,” Saylor explained, “that entire movement becomes commercialized, institutionalized, legitimized… a bit older, a bit more credible.”

A New Era of Institutional Legitimacy

The praise from Saylor — a long-time Bitcoin maximalist — marks a symbolic moment in crypto’s evolution.

For years, Saylor’s Strategy Inc. has defined the Bitcoin treasury model, converting corporate cash reserves into BTC holdings now worth over $70 billion.

But the rise of BitMine’s Ethereum treasury strategy, backed by investors like Cathie Wood and Peter Thiel, reflects a new chapter: one where Ethereum joins Bitcoin in attracting large-scale, publicly traded corporate adoption.

And it’s not just about the assets.

It’s about trust.

Lee’s dual identity — a Wall Street strategist turned crypto leader — is helping bridge the cultural and financial divide between traditional capital markets and decentralized finance.

Bitcoin and Ethereum: The Dual Pillars of Institutional Crypto

Saylor didn’t hold back his admiration, even as a self-proclaimed Bitcoin purist.

His endorsement of Lee’s role in Ethereum’s rise suggests a broader acceptance of multi-chain financial ecosystems among top institutional voices.

As of late October, Bitcoin traded around $110,406, down 2.4% over 24 hours, while Ethereum hovered near $3,918, off 2.7%.

Despite short-term volatility, both assets continue to dominate treasury strategies among forward-looking companies.

“The crypto movement,” Saylor said, “is no longer fringe — it’s becoming a pillar of global finance.”

Final Thought

It’s rare to see a Bitcoin maximalist praise an Ethereum advocate.

But Saylor’s comments reveal what’s really happening under the surface: the convergence of two worlds that once stood in opposition.

Tom Lee represents Wall Street’s rational structure.

Saylor embodies crypto’s revolutionary energy.

And together, they’re proving that the next financial era won’t be Bitcoin or Ethereum —

it will be both.

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💬 Do you think Wall Street’s embrace of Ethereum is bullish for the next market cycle — or a warning sign of overreach?