Tom Lee Tracker (Not actually Tom)

Daily updates on Tom Lee’s market insights/research, the Fundstrat GRNY ETF, and BMNR. | Not affiliated with Tom Lee, Fundstrat or BMNR.

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE AND BITMINE $BMNR JUST UPDATED THEIR ETHEREUM HOLDINGS

Here are the updated holdings:

- 6.07 million $ETH up from 6.06M on November 2nd
- 216 Bitcoin $BTC
- $475M cash
- $180M stake in Beast Industries
- $75M stake in Eightco $ORBS

Tom Lee and BMNR now own 4.97% of the total Ethereum supply, 99% of the way to their 5% target

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE SAYS GOING LONG ETHEREUM $ETH IS THE BEST TRADE MOST INVESTORS ARE MISSING

@fundstrat believes Ethereum offers a unique opportunity to benefit from two major trends:

- Going long ETH is what Lee considers the easiest alpha opportunity, with the potential for a high Sharpe ratio
- Ethereum benefits from the AI revolution through its programmability, which can help prevent exploits
- Wall Street's move toward blockchain tokenization represents another major growth opportunity for Ethereum

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

DAN NILES SAYS INVESTORS NEED TO PROFIT FROM BOTH RISING AND FALLING STOCKS

He explains why being flexible and knowing when to short can be just as important as picking long-term winners:

- In 2022, the Magnificent 7 fell an average of 46%, while the S&P 500 $SPX declined 19%, creating opportunities for investors willing to short stocks
- Between March 2000 and October 2002, the S&P experienced seven rallies averaging 14% but eight declines averaging 19%, ultimately losing nearly half its value
- Former market leaders like AOL, Yahoo, Nokia, and Netscape lost their dominance, showing why investors can't assume today's winners will stay on top

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

🚨 TOM LEE:

"As long as the AI trade isn't extinguished, which we don't expect..."

"I think it's gonna come out of this correction, we've got a big rally into year end"

[WOLF Terminal @WOLF_Terminal]

🚨 TOM LEE (@fundstrat) ON WHY THE S&P 500 CAN HIT 8,200 BY YEAR END:

"I think the 4th quarter could be one of the biggest rallies, and I think it continues to next year to one of the biggest rallies of our lifetime"

He says tech will do the heavy lifting:

"I think we could easily be above 8,200 by the end of the year, and that's because tech is gonna be doing a lot of the heavy lifting. The Mag 7 are starting to come back to life"

And says the AI trade is still intact:

"As long as the AI trade isn't extinguished, which we don't expect, I think it's gonna come out of this correction, we've got a big rally into year end"

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE SAYS THE MARKET LIKELY BOTTOMED LAST WEEK AS STOCKS RALLY ON BAD NEWS

@fundstrat points to two encouraging signals suggesting the recent market selloff may be over:

- Despite negative headlines involving NVIDIA $NVDA and Texas taking action against Elon Musk's companies, the affected stocks are rallying
- The VIX term structure, which inverted last week, has now normalized, a signal that often accompanies market bottoms
- Markets rising despite bad news reinforce Lee's belief that last week's lows marked the bottom

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE SAYS THIS CRYPTO CYCLE WILL BE ABOUT ETHEREUM $ETH, SMART CONTRACTS, AND TOKENIZATION

@fundstrat believes rising AI cybersecurity risks will make blockchain technology increasingly important:

- AI is becoming increasingly capable of exploiting vulnerabilities in corporate databases and traditional cybersecurity systems

- Blockchain's transaction records, chain of custody, and smart contracts could help protect the financial system, with public blockchains offering greater censorship resistance

- Bitcoin $BTC will remain important, but Lee expects this cycle to focus on smart contracts and tokenization, with Ethereum as the leading platform

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

DAN NILES SAYS ANTHROPIC WILL HAVE TO IPO, BUT AT A MUCH LOWER VALUATION THAN INVESTORS EXPECT

His bearish outlook on Anthropic's IPO highlights the risks investors should consider, including those watching $ANTZ:

- Anthropic faces hundreds of billions of dollars in capital commitments, making a public listing necessary in his view
- Slowing growth and rising funding costs could force the company to accept a lower valuation and raise significantly less capital than expected
- Other major companies are raising massive amounts from the same investors who would participate in Anthropic's IPO, potentially limiting available demand

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

🚨 TOM LEE ON THE MARKET SELL-0FF:

"I think we're near the end stages of the sell-off, because it's become a consensus short to be shorting tech."

[WOLF Terminal @WOLF_Terminal]

🚨 TOM LEE (@fundstrat) ON WHY HE’D BUY THE TECH SELLOFF:

"I think we're near the end stages of the sell-off, because it's become a consensus short to be shorting tech."

On the AI spending debate:

"The mobile network build was about 25 trillion, and roadways are 25 trillion... I think AI is a more important infrastructure build arguably than mobile."

"I don't think there's too much money being thrown at AI today."

What’s changed:

"The Fed, quite hawkish, now it's flipping potentially dovish, and interest rates, which were touching 5%, people fearing 6%, are now back below 5%."

The remaining risks:

"Debt markets are kind of closed at the moment, and of course, the uncertainty about the war."

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

@WOLF_Terminal @fundstrat 👀

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

ARK SEES ANTHROPIC REACHING A $1.5T TO $2T IPO VALUATION

The estimate is based on Anthropic's rapid revenue growth and comparisons to publicly traded AI software companies.

- Anthropic is estimated to generate $70B–$80B in annualized revenue
- Public AI software leaders trade at 20x–30x forward sales
- Anthropic is growing at triple-digit rates, compared to double-digit growth for public peers

I wonder what @fundstrat makes of this potential IPO valuation.

[Ark Invest Tracker @ArkkDaily]

ARK THINKS ANTHROPIC COULD REACH A $1.5 TRILLION TO $2 TRILLION IPO VALUATION

The valuation estimate is based on Anthropic's rapid revenue growth and comparisons with publicly traded AI software companies:

- Anthropic is estimated to be generating $70B to $80B in annualized revenue while already being profitable on an adjusted operating basis

- Public AI software leaders trade at 20x to 30x forward sales, implying a potential $1.5T to $2T valuation for Anthropic

- While public peers are growing at mid-to-high double-digit rates, Anthropic is growing at mid-to-high triple-digit rates, supporting the case for a valuation in that range

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE'S BITMINE $BMNR NOW HOLDS 4.97% OF ALL ETHEREUM $ETH

- Share of ETH supply: 4.97%
- Total ETH held: 6,070,092
- Current value: $13.56B at $2,234 per ETH

One company now owns 1 in every ~20 ETH in existence.

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE AND BITMINE $BMNR JUST UPDATED THEIR ETHEREUM HOLDINGS

Here are the updated holdings:

- 6.07 million $ETH up from 6.06M on November 2nd
- 216 Bitcoin $BTC
- $475M cash
- $180M stake in Beast Industries
- $75M stake in Eightco $ORBS

Tom Lee and BMNR now own 4.97% of the total Ethereum supply, 99% of the way to their 5% target

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

🚨 The banking system is about to become 24/7 right in front of our eyes

[WOLF Terminal @WOLF_Terminal]

🚨 $V VISA IS EXPANDING ITS STABLECOIN SETTLEMENT NETWORK TO RUN ON WEEKENDS AND HOLIDAYS

Banks close on Saturday. Stablecoins don't

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

@WOLF_Financial 🔥

[WOLF @WOLF_Financial]

Your Money After the Midterms: What a Democratic Congress Means for your Portfolio (ft. Adam Kovacevich) https://t.co/LWNt15wpD9

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE SAYS ETHEREUM $ETH WILL BECOME MONEY AND A STORE OF VALUE LIKE BITCOIN $BTC

@fundstrat believes tokenization could fundamentally change how investors view Ethereum:

- Bitcoin is primarily seen as a store of value, while Ethereum has been associated with the financialization of Wall Street
- Ethereum is increasingly becoming a collateral layer for transactions, giving investors a reason to hold ETH
- As Ethereum becomes the most widely used trading pair for tokenization, Lee expects a narrative shift toward ETH being viewed as money and a store of value

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

BEAR WEEKS, RED CANDLES, PANIC HEADLINES. TOM LEE AND BITMINE $BMNR ADDED ETHEREUM $ETH THROUGH ALL OF IT, EVERY SINGLE WEEK

Here's how much Ethereum they've added each time they've given an update:

11/9 - +9,587 ETH
11/2 - +8,573 ETH
10/26 - +10,452 ETH
10/19 - +12,535 ETH
10/12 - +12,532 ETH
10/5 - +15,112 ETH
9/28 - +17,362 ETH
9/21 - +27,562 ETH
9/14 - +27,180 ETH
9/8 - +28,086 ETH
8/31 - +53,501 ETH
8/24 - +32,447 ETH
8/17 - +9,926 ETH
8/10 - +7,425 ETH
8/3 - +10,399 ETH
7/27 - +9,946 ETH
7/20 - +7,430 ETH
7/13 - +27,801 ETH
7/6 - +42,197 ETH
6/29 - +27,084 ETH
6/22 - +52,207 ETH
6/15 - +76,877 ETH
6/8 - +126,971 ETH
6/1 - +26,497 ETH
5/26 - +111,942 ETH
5/18 - +71,672 ETH
5/11 - +26,659 ETH
5/4 - +101,745 ETH
4/27 - +101,901 ETH
4/20 - +101,627 ETH
4/13 - +71,524 ETH
4/6 - +71,252 ETH
3/30 - +71,179 ETH
3/23 - +65,341 ETH
3/16 - +60,999 ETH
3/9 - +60,976 ETH
3/2 - +50,928 ETH
2/23 - +51,162 ETH
2/17 - +45,759 ETH
2/9 - +40,613 ETH
2/2 - +41,787 ETH
1/26 - +40,302 ETH
1/20 - +35,268 ETH
1/12 - +24,266 ETH
1/5 - +32,977 ETH
12/29 - +44,463 ETH
12/22 - +98,852 ETH
12/15 - +102,259 ETH
12/8 - +138,452 ETH
11/30 - +96,798 ETH
11/24 - +69,822 ETH
11/17 - +54,156 ETH
11/10 - +110,301 ETH
11/3 - +82,353 ETH
10/27 - +77,055 ETH
10/20 - +203,826 ETH
10/13 - +202,037 ETH
10/6 - +179,251 ETH
9/29 - +234,846 ETH
9/22 - +264,378 ETH
9/15 - +82,233 ETH
9/8 - +202,469 ETH
9/2 - +153,075 ETH
8/25 - +190,526 ETH
8/18 - +373,110 ETH
8/11 - +317,126 ETH
8/4 - +208,137 ETH
7/28 - +58,224 ETH
7/24 - +266,119 ETH
7/17 - +137,515 ETH
7/14 - +163,142 ETH

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE AND BITMINE $BMNR JUST UPDATED THEIR ETHEREUM HOLDINGS

Here are the updated holdings:

- 6.07 million $ETH up from 6.06M on November 2nd
- 216 Bitcoin $BTC
- $475M cash
- $180M stake in Beast Industries
- $75M stake in Eightco $ORBS

Tom Lee and BMNR now own 4.97% of the total Ethereum supply, 99% of the way to their 5% target

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

$BMNR 🔥

[WOLF Terminal @WOLF_Terminal]

🚨 @FUNDSTRAT’S TOM LEE: "I THINK MARKETS ARE A LOT SAFER THAN PEOPLE THINK"

"We had a flurry of bad news over the weekend"

"It's now normalized today. That's usually a sign of a bottom"

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

@WOLF_Financial lets go

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

CATHIE WOOD REVEALS WHERE SHE SEES OPPORTUNITY AFTER AN AI MARKET CRASH

She's LIVE NOW on WOLF Financial, discussing where investors should be looking next.

[WOLF @WOLF_Financial]

Cathie Wood: This Is Where Real Opportunity is After The AI Market Crash https://t.co/c07ybTxuPS

[WOLF Terminal @WOLF_Terminal]

🚨 TOM LEE (@fundstrat) ON PAST SELLOFFS THAT BOTTOMED WITHIN 3 DAYS:

"The longest it took to bottom was three days, and then it was a V-shaped symmetrical recovery with some six-month gains of over 20%."

On finding ways to build more data centers:

"You may be retrofitting empty industrial plants and office space to put in data centers. So I think there's gonna be ways for power and gigawatts to be constructed."

"I look at this as an opportunity for American businesses to use some ingenuity."

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

IN JUST 15 MONTHS, TOM LEE AND BITMINE $BMNR WENT FROM 163,000 ETHEREUM $ETH TO OVER 6.07 MILLION

Here's how much Ethereum they've held each time they've given an official update:

11/9 - 6,070,092 ETH
11/2 - 6,060,506 ETH
10/26 - 6,051,933 ETH
10/19 - 6,041,481 ETH
10/12 - 6,028,946 ETH
10/5 - 6,016,414 ETH
9/28 - 6,001,302 ETH
9/21 - 5,983,940 ETH
9/14 - 5,956,378 ETH
9/8 - 5,929,198 ETH
8/31 - 5,901,112 ETH
8/24 - 5,847,611 ETH
8/17 - 5,815,164 ETH
8/10 - 5,805,238 ETH
8/3 - 5,797,813 ETH
7/27 - 5,787,414 ETH
7/20 - 5,777,468 ETH
7/13 - 5,770,038 ETH
7/6 - 5,742,237 ETH
6/29 - 5,700,040 ETH
6/22 - 5,672,956 ETH
6/15 - 5,620,749 ETH
6/8 - 5,543,872 ETH
6/1 - 5,416,901 ETH
5/26 - 5,390,404 ETH
5/18 - 5,278,462 ETH
5/11 - 5,206,790 ETH
5/4 - 5,180,131 ETH
4/27 - 5,078,386 ETH
4/20 - 4,976,485 ETH
4/13 - 4,874,858 ETH
4/6 - 4,803,334 ETH
3/30 - 4,732,082 ETH
3/23 - 4,660,903 ETH
3/16 - 4,595,562 ETH
3/9 - 4,534,563 ETH
3/2 - 4,473,587 ETH
2/23 - 4,422,659 ETH
2/17 - 4,371,497 ETH
2/9 - 4,325,738 ETH
2/2 - 4,285,125 ETH
1/26 - 4,243,338 ETH
1/20 - 4,203,036 ETH
1/12 - 4,167,768 ETH
1/5 - 4,143,502 ETH
12/29 - 4,110,525 ETH
12/22 - 4,066,062 ETH
12/15 - 3,967,210 ETH
12/8 - 3,864,951 ETH
11/30 - 3,726,499 ETH
11/24 - 3,629,701 ETH
11/17 - 3,559,879 ETH
11/10 - 3,505,723 ETH
11/3 - 3,395,422 ETH
10/27 - 3,313,069 ETH
10/20 - 3,236,014 ETH
10/13 - 3,032,188 ETH
10/6 - 2,830,151 ETH
9/29 - 2,650,900 ETH
9/22 - 2,416,054 ETH
9/15 - 2,151,676 ETH
9/8 - 2,069,443 ETH
9/2 - 1,866,974 ETH
8/25 - 1,713,899 ETH
8/18 - 1,523,373 ETH
8/11 - 1,150,263 ETH
8/4 - 833,137 ETH
7/28 - 625,000 ETH
7/24 - 566,776 ETH
7/17 - 300,657 ETH
7/14 - 163,142 ETH

[Tom Lee Tracker (Not actually Tom) @TomLeeTracker]

TOM LEE AND BITMINE $BMNR JUST UPDATED THEIR ETHEREUM HOLDINGS

Here are the updated holdings:

- 6.07 million $ETH up from 6.06M on November 2nd
- 216 Bitcoin $BTC
- $475M cash
- $180M stake in Beast Industries
- $75M stake in Eightco $ORBS

Tom Lee and BMNR now own 4.97% of the total Ethereum supply, 99% of the way to their 5% target