Let’s start with a painful fact: over the past 15 months, Tom Lee’s BitMine has been buying $ETH every week, relentlessly accumulating 6 million coins—4.9% of the circulating supply—making it the world’s largest $ETH treasury company, truly the “Ethereum dad”.
But at TOKEN2049, he personally announced that after buying another 100,000 coins, it will hit the 5% hard cap, and after that, not a single dollar more will be added. Even more painful is another line in the financial report: those 6 million $ETH coins are now sitting on an unrealized loss of $4.5 billion, and ETH has also fallen nearly half from its peak last August.
So here comes the soul-searching question: if 15 months of dad-like buying still couldn’t stop ETH from falling, and he now says “I’m not buying anymore,” is this finally the bad news fully priced in, or just the last fig leaf? If even institutions can’t prop up $ETH , are you still holding on?
$ETH $BTC #以太坊 #TomLee
But at TOKEN2049, he personally announced that after buying another 100,000 coins, it will hit the 5% hard cap, and after that, not a single dollar more will be added. Even more painful is another line in the financial report: those 6 million $ETH coins are now sitting on an unrealized loss of $4.5 billion, and ETH has also fallen nearly half from its peak last August.
So here comes the soul-searching question: if 15 months of dad-like buying still couldn’t stop ETH from falling, and he now says “I’m not buying anymore,” is this finally the bad news fully priced in, or just the last fig leaf? If even institutions can’t prop up $ETH , are you still holding on?
$ETH $BTC #以太坊 #TomLee