Tom Lee: Corporate Treasuries Will Make This the Biggest Crypto Bull Market Ever
- —BitMine bought 12,532 ETH last week, lifting reserves to 6,028,946 ETH
- —The company now holds roughly 4.9% of Ethereum's supply
- —The reserve is valued at about $15.3 billion at $2,544 per ETH
- —Ethereum outperformed the S&P 500 by 68.32 percentage points in Q3 despite Fed tightening
Why it matters: Growing corporate treasuries remove ETH and BTC from circulation, potentially deepening supply scarcity in the next bull cycle.
Source: Koin Bülteni