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BitMine holds a massive amount of ETH: never selling, earning millions of dollars daily?

Folks, something big has happened! A new 'whale player' has emerged in the crypto space, and their approach is quite explosive — they directly claim to hoard 5% of the entire Ethereum supply and vow to never sell!🤯

This is not some mysterious organization; it is the publicly listed company BitMine. Its chairman Tom Lee recently made headlines, stating that their ETH holdings are already close to 4% of the total supply!

What does 4% mean? Based on the current supply, this is estimated to be over 4 million ETH, worth over ten billion dollars! What's even more shocking is that Tom Lee said if they staked all this ETH, the company could earn over $1 million a day just by lying down. This is not investment; this is clearly trying to set up a 'Ethereum printing machine' for themselves!💰

I know you might check, as there were previous data saying they only held 2.19% or 2.9%. That's right, but that precisely highlights the terrifying part: BitMine's position is growing at rocket speed. Starting from zero in the summer of this year, to 2.65 million by the end of September, and now at this scale, their accumulation pace cannot be stopped. Their ultimate goal is that 5%!

This move by BitMine is seen by insiders as a parallel to MicroStrategy's 'All in BTC' strategy, but even more aggressive. They not only want to hoard coins but also aim to transform themselves into a 'super node' and perpetual income machine through Ethereum's staking rewards and future ecosystem.

If BitMine really insists on 'only entering, not exiting,' and continues to approach the 5% target, it will become one of the most powerful single institutional forces in the Ethereum network. This is not just a company's bet; it could also significantly tighten the market circulation of ETH invisibly.

What do you think of this 'permanent ETH whale'? Is it the ultimate belief in long-termism, or a dangerous game of centralization? Let's chat in the comments! Don't forget to follow 🔥Ethereum.meme🔥PU P PI ES! #ETH走势分析 #比特币VS代币化黄金