Arthur Hayes Dubbed ‘Tom Lee of Solana’ After Joining $SOL Treasury Advisory Committee

Key Insights:

• BitMEX co-founder Arthur Hayes is dubbed as the ‘Tom Lee of Solana’ as he joins the Solana treasury Advisory committee.
• Arthur Hayes proposes Tom Lee for Head of Ethereum Foundation.
• Tom Lee’s BitMine plans to add $20B to ETH treasury.

BitMEX co-founder and the CIO of Maelstrom, Arthur Hayes returned to the spotlight after being dubbed the Tom Lee of Solana following his appointment at Upexi, a Solana treasury company where he will serve as a member of the advisory committee.

Upexi posted the announcement  on X, where they stated that the strong advocate for Solana was joining its advisory committee as the first member. This comes just a few days after the prominent cryptocurrency KOL added $7.43 million worth of altcoins to his investment portfolio.

As per official communication on the Upexi website, “the mission of the advisory committee is to compound value for shareholders and accelerate the adoption of Solana as foundational infrastructure for the decentralized future.”

Arthur Hayes Dubbed ‘Tom Lee of Solana’

Several influential figures on X claimed Arthur Hayes was the Tom Lee of Solana following the announcement of his Upexi appointment, where he is expected to unlock more capital for the Solana (SOL) treasure, drive business strategy and expand business visibility. Hayes was compared to the ‘Tom Lee of Solana’ in light of Lee’s significant contribution to the Ethereum ecosystem.

As a firm scaling a next-generation crypto treasury product, Upexi will largely benefit from Hayes’ market insights, thought leadership and profound macroeconomics impact to improve the company’s digital asset strategy.

According to Upexi, the BitMEX founder has cemented his legacy as the industry’s ‘most iconic and respected voices.’ As such, his firm, BitMEX, has remained a top destination for trading futures and perpetual swaps.

Arthur Hayes Proposes Tom Lee as Head of Ethereum

On a recent X post, Arthur Hayes proposed to the community to install Tom Lee as the Head of the Ethereum Foundation. Tom Lee, a prominent name in investment circles and a popular voice across crypto investment funds, also leads investments at Fundstrat Capital and is the chairman of the world’s third-largest crypto treasury, BitMine.

In his post, Arthur sought to determine who supported his motion, and while a section of the community believed Lee would shake things up at the helm of Ethereum, others claimed that Ethereum was meant for cypherpunks.

If appointed to Ethereum’s top leadership, Tom Lee would replace Aya Miyaguchi, who became the president of the Ethereum Foundation in March 2025.

Recently, BitMine Immersion Technologies, the cryptocurrency mining company where Tom Lee serves as Chairman, announced an increase in its ETH holdings to 1,150,263 tokens.

Bitmine Plans to Add $20 Billion Ethereum

Bitmine released a new announcement today about its plan to purchase $20 billion worth of Ethereum, which stirred excitement on X with many comparing BitMine and Tom Lee to MicroStrategy and Michael Saylor.

If this move were to play out as per the current Ethereum price of $4,300, it would translate to BitMine reaching its target of holding at least 5% of Ether’s total supply.

Meanwhile, crypto analyst and trader Merlijin the Trader forecasted that Ethereum was headed for a massive rally driven by Wall Street, retail, and global adoption.

With the current price almost breaching a significant resistance at $4,500, it’s only a matter of time before a breakout begins.