Tom Lee Says Strategy and BitMine Are Top Stock Proxies for Crypto Exposure
Tom Lee of Fundstrat reportedly states that Strategy ($MSTR) and BitMine ($BMNR) serve as top stock proxies for cryptocurrency exposure, noting that crypto-linked equities are already dominating the Russell 1000 this quarter.
According to Fundstrat, four of the top 20 quarterly performers are crypto-related companies, with BitMine ranking third. Strategy exhibits a 96% correlation to Bitcoin ($BTC) among large caps, while BitMine maintains a 91% correlation to Ethereum ($ETH).