Tom Lee's Bitmine just scooped another 20,000 $ETH (~$48.89M) off Kraken.
Their current stack:
5.87M $ETH (~$14.65B)
4.8% of total supply
87% staked (5.07M $ETH locked for $12.4B)
210 $BTC
$308M cash ready
$269M in moonshots (Beast Industries + Eightco)
They're only 164K $ETH away from hitting 5% of total supply.
That's not accumulation. That's conviction at scale.
While retail chases memes, institutions are stacking the base layer. $ETH is getting absorbed by players who understand the endgame.
Their current stack:
5.87M $ETH (~$14.65B)
4.8% of total supply
87% staked (5.07M $ETH locked for $12.4B)
210 $BTC
$308M cash ready
$269M in moonshots (Beast Industries + Eightco)
They're only 164K $ETH away from hitting 5% of total supply.
That's not accumulation. That's conviction at scale.
While retail chases memes, institutions are stacking the base layer. $ETH is getting absorbed by players who understand the endgame.
