Big moves in the crypto world! 🚨 BitMine, known for its Bitcoin roots, just went all-in on Ethereum—stacking over 833,000 $ETH worth $3B in just 35 days 😮. Backed by Peter Thiel, this pivot makes BitMine the largest ETH-holding company out there.
With ETH averaging around $3,491 per coin, they’re not playing around. The company now sits just behind Strategy and Marathon in global crypto holdings 🏦.
Why the shift? Chairman Tom Lee says Wall Street’s warming up to Ethereum, and BitMine wants a front-row seat. Their stock? 📈 Up a jaw-dropping 650% since late June. Copying Strategy's game plan clearly pays off.
ETH is trading close to $3,679, up 5% today—still down from its 2021 peak, but gaining momentum fast ⚡.
Agree with BitMine’s ETH bet? Or is it risky AF? Drop your thoughts 👇