person
Investor associated with Bitmine's Ethereum treasury strategy.
No evidence-backed relationships are recorded.
Bitmine added 17,362 ether last week to hold about 4.9% of supply, while Strategy bought 1,665 bitcoin to reach 847,666. Both kept buying as prices eased, with Bitmine now near a 5% target it set itself and Strategy adding about 0.2% to its holdings.
Reality
Bitmine holds 5,983,940 ETH, 4.9% of supply, and the 121,060 tokens still missing cost about $325m at its own reference price, a bill its cash balance covers twice over. Tom Lee expects institutions in the fourth quarter.
Perspective Coverage
3 publishersReality
Bitmine's 5,929,198 ETH is worth about $14.79bn at $2,495 a token, against $15.7bn of total assets, and the $330m of staking revenue the company projects is the smaller half of that arithmetic.
Reality
A $3.5 billion week came almost entirely from Ether being remarked to $2,440. The last 187,000 tokens cost more than the cash the company reports holding.
Reality
The Miami treasury company is sending about 106,000 ETH, roughly 12% of its stack, into a receipt token custodied at Anchorage. Passive holding is becoming collateral.
Reality