BitMine chair Tom Lee says the ‘bubble has burst’ in digital asset treasury companies as many trade below net asset value

FortuneThursday, October 16, 2025 at 2:00:00 PM
BitMine chair Tom Lee says the ‘bubble has burst’ in digital asset treasury companies as many trade below net asset value
Tom Lee, the chair of BitMine, has declared that the 'bubble has burst' for digital asset treasury companies, as many are now trading below their net asset value. This statement highlights a significant downturn in the cryptocurrency market, which could impact investor confidence and the future of digital assets. Lee's insights are particularly relevant as he has been leading an Ethereum-focused Digital Asset Trust since June, which has been performing well compared to others in the sector.
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