- Arthur Hayes joins Upexi to expand its Solana treasury and adoption strategy.
- Hayes proposes Tom Lee to lead the Ethereum Foundation amid BitMine’s ETH accumulation surge.
- BitMine plans a $20B Ethereum purchase, targeting 5% of total supply and fueling rally expectations.
Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, has been dubbed the “Tom Lee of Solana” after joining Upexi—a Solana-focused treasury firm—as the first member of its advisory committee. Upexi says Hayes will help grow its Solana holdings, sharpen its business strategy, and boost visibility in the market. The company’s mission centers on accelerating Solana adoption as a foundational layer for decentralized infrastructure.
His appointment comes shortly after Hayes added $7.43 million worth of altcoins to his portfolio. Many on X compared the move to Tom Lee’s impact on Ethereum, pointing to Hayes’ strong market influence, macro insights, and history of shaping crypto strategies.
Proposing Tom Lee for Ethereum Leadership
In a recent post, Hayes floated the idea of appointing Tom Lee as head of the Ethereum Foundation—replacing Aya Miyaguchi, who took the role in March 2025. Lee, known for his work with Fundstrat Capital and his chairmanship at BitMine, also oversees the world’s third-largest crypto treasury. BitMine recently grew its ETH stash to 1.15 million tokens, strengthening its position as a top Ethereum holder.
BitMine’s $20 Billion Ethereum Ambition
BitMine revealed plans to acquire another $20 billion worth of Ethereum, aiming to control at least 5% of the total ETH supply. At current prices around $4,300, that goal would put them alongside MicroStrategy’s Bitcoin dominance in scale. This announcement sparked speculation about Ethereum’s next move, with analysts like Merlijin the Trader forecasting a major rally driven by institutional and retail interest. With ETH nearing the $4,500 resistance, traders are watching closely for a potential breakout.
