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![amitisinvesting Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1468103131737247748.png) amit [@amitisinvesting](/creator/twitter/amitisinvesting) on x 224.4K followers
Created: 2025-07-14 12:59:00 UTC

BREAKING: Bitmine doubles their Ethereum holdings to $500M in just X trading days after closing a $250M private placement. 

Tom Lee, Chairman of the Board, wrote:

"Among Bitcoin treasury companies, we have witnessed the reflexive benefit of acquiring large holdings. Microstrategy, the leader, has accumulated more than XXXXXXX Bitcoin. Such sizable holdings has created a 'sovereign put' for the company, meaning a nation-state views MSTR holdings as attractive if a nation ever wanted to acquire X% of the Bitcoin network. Similarly, ETH Treasuries, which accumulate X% of ETH supply, can benefit from a similar 'Wall Street put.' And even Vlad Tenev, CEO of Robinhood, recently said 'tokenization is the greatest capital markets innovation since the central limit order book' showing how Wall Street is converging onto crypto. And Ethereum is the layer X blockchain with the greatest share."

$BMNR $ETH

![](https://pbs.twimg.com/media/Gv0doEmW0AAfuH8.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944743431701430461/c:line.svg)

**Related Topics**
[$250m](/topic/$250m)
[$500m](/topic/$500m)
[bitmine](/topic/bitmine)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)
[stocks crypto treasuries](/topic/stocks-crypto-treasuries)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)
[bitcoin](/topic/bitcoin)

[Post Link](https://x.com/amitisinvesting/status/1944743431701430461)