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BitMine's ETH Buy: It's Not About Price, It's About RWAs
The news dropped last week and the usual suspects got excited: BitMine (BMNR), a firm linked to Fundstrat's Tom Lee, added a whopping 50,928 ETH to its balance sheet. Immediately, the narrative became 'Corporate treasury buys ETH, number go up!' I can already picture analysts like Marcus Cole pointing to it as a bullish catalyst on the price charts...
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Major U.S. Banks Increase Exposure to BitMine Despite 48% Stock Drop
Large U.S. banks and asset managers have increased their positions in BitMine, the company associated with Tom Lee and described as the largest corporate holder of Ethereum.
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Tom Lee’s BitMine Adds Another 140,400 ETH to Staking - Investors Applaud, Price Unmoved
BitMine, the company associated with Tom Lee of Fundstrat, continues to aggressively expand its Ethereum strategy, adding another 140,400 ETH to staking.
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