The DAT Revolution with Tom Lee

Pantera General Partner Cosmo Jiang sat down with Tom Lee for a wide-ranging conversation on the emergence of Digital Asset Treasuries (DATs) and Ethereum’s growing role at the center of global finance. Lee – whose firm BitMine has become the world’s largest Ethereum treasury – shared how public-market vehicles like BitMine are accelerating institutional adoption and redefining how investors gain exposure to blockchain assets. 

The discussion delved into Ethereum’s “supercycle,” the future of tokenized equities, and how smart-contract networks are reshaping capital formation. Lee also previewed the next wave of innovation – from composable financial instruments to the convergence of AI, identity, and blockchain – offering a glimpse into how the next generation of onchain companies will operate.