Key Takeaways – Because You Care
BitMine’s ETH stash now totalizes a cool 833K ETH, worth more than most of us will ever see in our lifetime-and they’re not even done yet. Can ETH stay below $4K? Spoiler: Probably not. 🤔💸
In a move that makes Monopoly look like child’s play, BitMine Immersion Technologies (NYSE: BMNR) shoved its ETH holdings to a staggering 833.1K, roughly $3.05 billion-because, why not? Full send.
They just bought 208.1K ETH on August 4th, giving them the title of “World’s Largest ETH Treasury”-cue the fireworks. 🎆
Compared to the runner-up, SharpLink Gaming (438.2K ETH, or about $1.6B), BitMine basically photobombed the crypto treasury contest. They’re third overall-hey, it’s fine, top three is still legendary. 🥉
Tom Lee: ETH Is the Big Kool Kid of the 2020s
Less than two months and thousands of ETH later, Tom Lee-Bitcoin Whisperer and BitMine’s “probably-not-just-getting-started” boss-says ETH is “the biggest macro trend” for the next decade. Because, apparently, he’s psychic or rich or both. 💹🔮
“ETH remains one of the biggest macro trends for the next 10-15 years, as Wall Street financializes on blockchain and as AI tokenizes robots.”
BitMine plans to own 5% of all ETH-around 6 million ETH-like the worst-case scenario for whoever wants to buy at the top. They’re only 13% of the way there, which makes me wonder if they’re just playing crypto power-plant. ⚡️
Ryan Adams, the crypto guy with a podcast, thinks they might hit 1 million ETH soon-and honestly, ETH probably won’t stay under $4K much longer. It’s like watching a balloon get bigger (but maybe it’s a super expensive balloon). 🎈
Mike Novogratz from Galaxy Digital agrees-ETH will blow past $4K this year, maybe hitting $5.7K, if you’re into medium-term crystal balls. 🔮💰
Since July, ETH holdings by ETFs and public companies jumped from $17B to $28B-because everyone loves a good crypto story. Or maybe just the excitement of making money. Either way, more demand means more fun for everyone. 🥳
The ETH love fest has been so wild that the SOL/ETH ratio dropped nearly 30% since July and about 50% since May. Basically, traders are saying, “Hey, ETH looks better in my portfolio than that other blockchain thing that nobody really talks about anymore.”
ETH bounced back to $3.7K earlier this week-like hope in a rollercoaster line-but then decided to chill out and erase some gains. Classic crypto mood swings. 🎢
Although ETH flirts with $4K, the real magic zone is around $3.2K-like the “just right” Goldilocks of resistance. And honestly, I just hope no one bought high and is now crying into their profit logs. 📉
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2025-08-05 15:16