Tom Lee dropped big news at TOKEN2049.
Bitmine’s $ETH buying spree is almost over—just 100,000 more coins to go!
The original plan was to buy them over five years, but in just over a year, they’ve already reached 4.9%. At this pace, they’re clearing the shelves faster than shoppers on Singles’ Day.
But here’s the problem: they’re currently sitting on an unrealized loss of $4.5 billion…
Brother Jiu did the math: how many mining rigs would they have to sell to make that back?
The biggest bull is about to retreat, and ETH’s “nanny” is about to stop nursing it.
From here on, it’s up to ETFs and retail investors to do the heavy lifting.
Bitmine’s $ETH buying spree is almost over—just 100,000 more coins to go!
The original plan was to buy them over five years, but in just over a year, they’ve already reached 4.9%. At this pace, they’re clearing the shelves faster than shoppers on Singles’ Day.
But here’s the problem: they’re currently sitting on an unrealized loss of $4.5 billion…
Brother Jiu did the math: how many mining rigs would they have to sell to make that back?
The biggest bull is about to retreat, and ETH’s “nanny” is about to stop nursing it.
From here on, it’s up to ETFs and retail investors to do the heavy lifting.