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Fundstrat's Tom Lee is positioning BitMine as a dedicated ETH treasury vehicle, and a single-day $73M purchase signals that thesis is moving from press release to balance sheet.
Bitmine now has 4.88M ETH staked, 86% of its total holdings, a corporate-treasury staking posture that doubles as an accumulation thesis on Ether itself.
Bitmine's $10B ETH stack is sitting on over $9.5B in unrealized losses at an average cost basis near $3,440, and the treasury keeps adding to a position that is roughly 4.7% of all ETH in circulation.
Bitmine, the investment vehicle associated with Fundstrat's Tom Lee, acquired 40,000 ETH worth approximately $94.68…
Two back-to-back Bitmine buys totaling 65,000 ETH inside a single day from the Fundstrat co-founder mark a sharp escalation in corporate ETH treasury accumulation.
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