BitMine chairman Tom Lee shared a list of 17 large-cap stocks with relatively high correlation to cryptocurrencies, aimed at investors seeking crypto exposure through equities. The group covers companies with market capitalizations above $2 billion. In Lee’s list, BMNR, or BitMine, showed the highest correlation with ETH at 80%, followed by COIN, or Coinbase, at 74%. On the Bitcoin side, MSTR, or Strategy, ranked highest with a 78% correlation, with COIN again at 74%. Lee also said he expects ETH to outperform BTC in the current cycle. He attributed that view to tokenization and AI applications, arguing that this thesis matters more than the factors that drove earlier periods of ETH outperformance.
BitMine chairman Tom Lee said in a post that he had compiled a list of 17 large-cap stocks with relatively high correlation to cryptocurrencies for equity investors looking for crypto exposure. The list covers companies with market capitalizations above $2 billion.
BitMine ranked highest in correlation with ETH
Among the names Lee cited, BMNR, or BitMine, had the highest correlation with ETH at 80%. COIN, or Coinbase, came next at 74%.
Strategy led the Bitcoin-linked group
For BTC correlation, MSTR, or Strategy, ranked first at 78%. COIN was next here as well at 74%.
Lee expects ETH to beat BTC in this cycle
Lee said he expects ETH to outperform BTC in the current cycle. He said the drivers are tokenization and AI applications, adding that this thesis is more important than the factors behind earlier cycles in which ETH outperformed.
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