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Independent New York research firm that sells market strategy and quantitative analysis to institutional investors.
Fundstrat's Tom Lee warned that Korean brokerage margin calls after an intraday KOSPI plunge of more than 6% could add selling pressure to ether. Ether lost only 0.96% over 24 hours, so the contagion he describes had not yet appeared in its price.
Reality
Bitmine Immersion Technologies will stop buying ether at 5% of supply, a cap that leaves it about $200 million of purchases at Wednesday's price. For ether's flows, that limit matters more than Tom Lee's bull call, because one of the token's steadiest buyers is close to done.
Perspective Coverage
9 publishersReality
Bitmine Immersion Technologies bought 15,112 ETH last week, lifting its treasury to 6,016,414 tokens, 4.9% of Ethereum's supply. With 84% of that staked at a 2.63% yield, the company's results now move with the ether price and the return on its validators.
Perspective Coverage
4 publishersReality
The index gained 13 to 16 percent from January 2025 to January 2026. That is between 54 and 66 percent of the 24.1 percent it posted in the same window of 2017, and it came off a base two consecutive 20 percent years had already lifted.
Reality
Bitmine's 5,929,198 ETH is worth about $14.79bn at $2,495 a token, against $15.7bn of total assets, and the $330m of staking revenue the company projects is the smaller half of that arithmetic.
Reality