- BitMine chairman Tom Lee calls ETH “biggest macro trade over next decade”
- Company holds 600,000 ETH targeting 5% of total circulating supply stake
- Treasury strategy mirrors Strategy’s Bitcoin accumulation approach
BitMine Immersion Technologies has outlined an ambitious vision for Ethereum, predicting the cryptocurrency will reach five-digit price levels through institutional adoption and infrastructure development.
The research presentation “The Alchemy of 5%” from the corporation outlines ambitions to stake and amass up to 5% of Ethereum’s total circulating supply.
Ethereum is the most attractive macro investment opportunity of the decade, according to Fundstrat Chairman Tom Lee. The prediction builds on multiple research sources pointing to ETH’s role in powering stablecoin infrastructure, real-world asset tokenization, and institutional finance applications.
Stablecoin Dominance Drives Valuation Thesis
Ethereum currently hosts over 60% of all stablecoin transactions, positioning the network as critical infrastructure for digital dollar adoption. US Treasury officials project the stablecoin market will exceed $2 trillion in value, creating sustained demand for Ethereum’s settlement capabilities.
BitMine’s current holdings of 600,000 ETH represent approximately 0.5% of Ethereum’s circulating supply. The company launched its treasury strategy through a $250 million private investment deal that closed July 8, generating rapid portfolio growth.
BitMine’s total treasury and ETH holdings surpassed $2.7 billion within 18 days of the capital issue, more than 700% of the initial cash. The net asset value per share climbed from $4 to $23 during this period, creating a sixfold increase for investors.
Proof-of-Stake Model Generates Dual Revenue Streams
BitMine’s strategy extends beyond simple token accumulation to include network participation through staking mechanisms. The proof-of-stake model allows the company to earn yields while contributing to Ethereum’s security infrastructure.
This dual role as both asset holder and network validator creates ongoing revenue streams independent of price appreciation. Wall Street firms increasingly utilize Ethereum for asset tokenization and stablecoin issuance, reinforcing the network’s foundational importance.
The company’s rapid growth compares favorably to Strategy’s Bitcoin accumulation timeline. BitMine leads a growing trend of corporate Ethereum accumulation among public companies. SharpLink Gaming maintains 438,000 ETH holdings, while Bit Digital owns over 100,000 tokens in corporate reserves.
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