While the market is still debating whether ETH is overvalued, Bitmine declares with $3 billion of action in 30 days: Ethereum's 'sovereign narrative moment' has arrived
I. Strategic Logic Behind the Blitzkrieg
Speed is the Barrier
In 27 days, 830,000 ETH acquired (1% of total), averaging an increase of 30,000 per day
Comparison: MicroStrategy holds 214,000 BTC (1% of total) took 4 years
Core Objective: Control 5% of global ETH supply within 5 years
Triple Value Capture
Pricing Power Positioning
If the U.S. government needs to control Ethereum's financial infrastructure, a direct acquisition will skyrocket ETH to sky-high prices
Bitmine's $4 billion market cap (only 2% of Uber) becomes the best acquisition target
II. Why ETH? Isn't Bitcoin enough?
Bitcoin: Digital Gold → Store of Value (upper limit aligned with gold market cap)
Ethereum: Digital Oil → Productivity Engine (supporting three major future scenarios):
Financial Tokenization: BlackRock, Circle and other institutions prefer underlying chains
AI Computing Settlement: Distributed AI training as a natural settlement layer
Compliant Staking Network: The only POS chain approved by the SEC
Harsh Reality: Wall Street's demand for ETH allocation is far from being met—
90% of traditional fund risk controls prohibit investing in ETFs
Treasury companies become the only compliant entry point
III. Why does the market ignore the $3 billion buying pressure?
Current ETH price suppression stems from three cognitive discrepancies:
Short Trap: Some institutions still consider ETH a 'dead chain' (much like BTC in 2017)
Hedge Pressure: The long-short ratio in the futures market is only 0.78, and the short leverage hasn't been cleared
Liquidity Siphon: 830,000 ETH completed through large OTC trades (without impacting the order book)
Our estimation: ETH's fair value is at least undervalued by 40%
Based on last December's ETH/BTC=0.05, the current price should be ≥$6,000
Federal Reserve interest rate cuts + spot ETF approval → Year-end target $7,000-$15,000
IV. Bitmine's Ultimate Ambition
Staking Monopolist
830,000 ETH annual staking yield ≈ 25,000 ETH (compounded interest)
Upcoming announcement of GAAP-compliant staking plan
Tokenization Hub
Sovereign-Level Acquisition Target
If the U.S. passes (Blockchain Infrastructure Bill), Bitmine may become a national strategic asset
Ultimate Warning to Institutions
While Wall Street is still using spreadsheets to calculate gas fees, Bitmine has accomplished three things:
Validated by MicroStrategy's script, amplifying speed by 12 times on ETH
Transforming staking yields into PE ratio leverage (3% yield driving 60% valuation premium)
Turning ETH holdings into a 'new infrastructure' entry ticket
Institutions that missed Bitcoin are now missing history for a second time
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