@racer
Bitmine now controls about 3.2% of all Ethereum — and despite being $792M underwater, they’re still accumulating roughly 400K $ETH every week.
MSCI will decide on January 15 whether #Bitmine remains in its indices, and an exclusion could trigger $11.6B in forced selling across treasury-linked stocks.
Tom Lee is openly targeting 5% of Ethereum’s total supply.
When someone keeps building a 3.2% stake through a 38% drawdown, it usually means they’re seeing something the rest of the market hasn’t connected yet.
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