BitMine Surpasses All to Crown New Crypto King⁉️

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In the realm where snowflakes of technology melt into rivers of numbers, Tom Lee’s BitMine Immersion Technologies, in a particularly luminescent Monday, proclaimed itself as the second-largest crypto treasury, shadowed only by the grandeur of Michael Saylor’s Strategy. 🏰

The firm, in an act of numerical bravado, updated its holdings to a celestial 1.52 million ETH, totaling a sum evaluating at a glorious $6.6 billion! This vault, even in the shadow of its asset’s retreat, towers over the $5.88 billion clutched in Bitcoin by MARA. 🚀

Economically indomitable, it now possesses 373,110 more ETH than a mere week ago, manifesting a stash enchanted by an extra $1.7 billion. And so, in a tweetemanic missive, it detailed:

1/6
BitMine today announced ETH holdings of 1,523,373 tokens:
– Valued at a king’s ransom of $6.6 billion ($4,323 per ETH)
– 373,110 more ETH than that peculiar week ago
– An abundance of $1.7 billion more than the preceding week
link:
– Bitmine BMNR (@BitMNR) August 18, 2025

In a super-aggressive accumulation blitz, one could hardly resist quoting Fundstrat’s Tom Lee, BitMine’s unquestionable Chairman. “A mix of myth and alchemy, our $1.7 billion plunge into the ether (pun intended) has now blossomed to a lavish $6.6 billion! Institutions, usually stiff and prim, are whispering desires for our ‘alchemy of 5%’ of ETH.” 🤓

“As we have oft quoth, we stride ahead of our crypto treasury peers via the swiftness of raising crypto NAV per share and our stock’s dazzling trading liquidity.”

Lee, forever echoing his own projections, has attested Ethereum to be the king of macro trades for the forthcoming decade, perhaps two. “The Wall Street brigade and AI marauders advancing onto the blockchain shall herald an evolution in our beloved providence of finance.” And so, he flourished his final flourish, “primarily upon Ethereum, the majestic.” 🎩

Ethereum, ever so cunning, masquerades as a simple route to dip one’s toes in the “expected meteoric avowal” of stablecoins. JP Morgan’s number conjurers declared last week the Ethereum network hosts most of these treasures. With over 55% throne share of tokenized assets, its grip is undeniable. 📈

BitMine, with its commanding presence of 37% in the Ethereum treasury lands, estimates its worth at a towering $17.6 billion, supplemented by a collection of more than 4 million ETH. Its eyes are set on a $20 billion Ether treasury horizon. 🌌

Not to be outdone, BTCS Inc. blazed into the annals as the inaugural public entity to pay dividends in ETH. 🎩✨

But Alas, the ETH’s Wander

In fits and spells, ETH prices meld into retreats. The crypto market’s correction tightens its grip, and high hopes of touching stars this month fade into weariness. Ether once gallantly recaptured Monday’s nadir of $4,250, yet fumbled to rise beyond $4,380, dipping back beneath $4,300 during Tuesday’s Asian dawn. 🌅

Fallen by 10% from its peak in 2025, it currently huddles around support levels. Should it tremble further, a plunge past $4,000 could be swift. Such is the undulating fate of this digital wind. 💸

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2025-08-19 08:11