Saylor and Tom Lee Increase Bitcoin and Ethereum Holdings Amid Market Activity
Michael Saylor's strategy added $963 million in Bitcoin (10,624 BTC) last week, marking one of its largest purchases since the summer. Concurrently, Tom Lee's BitMine acquired $429 million in Ethereum (138,452 ETH), increasing BitMine's ETH holdings to approximately $12 billion. BitMine's cash position also rose from $800 million to $1 billion, supporting ongoing ETH purchases and larger capital allocations during the downturn.
As of December 7, 2025, combined holdings of Strategy and BitMine total 660,624 BTC, acquired for about $49.35 billion at an average price of $74,696 per bitcoin. The Bitcoin yield year-to-date in 2025 is approximately 24.7%. Around the time of these purchases, Bitcoin traded near $90,600 and Ethereum around $3,130. The ETH/BTC ratio rose approximately 4% month-to-date, signaling the potential for an alt-season if Ethereum breaks out further.
These actions reflect the continued ability of both entities to raise capital and deploy it strategically during market downturns. Saylor remains a net buyer amid concerns over the Decentralized Autonomous Token (DAT), and Tom Lee continues to maintain a sizable cash reserve enabling sustained investments in Ethereum.
Additional regulatory and market context includes the Commodity Futures Trading Commission (CFTC) planning a pilot for tokenized collateral involving Bitcoin, Ethereum, and USDC. Meanwhile, BlackRock has filed an S-1 registration for an Ethereum staking ETF (ETHB), indicating growing institutional interest in Ethereum infrastructure and staking products.
