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- 🥜 Ethereum tidal wave
🥜 Ethereum tidal wave
PLUS: The Institutions can't get enough
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GM to all of you nutcases. It’s Crypto Nutshell #684 surfin’ the wave… 🍲🥜
We're the crypto newsletter that's more hilarious than a clueless news anchor trying to survive the chaos of live TV... 📺😂
What we’ve cooked up for you today…
🏦 This is getting out of hand
🌊 Ethereum tidal wave
📈 And we’re back
💰 And more…
Prices as at 5:30am ET
THIS IS GETTING OUT OF HAND 🏦
BREAKING: Largest Ethereum treasury firm BitMine adds 317,000 ETH to push holdings worth nearly $4.9 billion
The Ethereum treasury game is going parabolic.
BitMine Immersion - already the world’s biggest ETH hoarder - just blew past the 1 million ETH milestone.
It now holds 1.15M ETH worth nearly $4.9B.
That’s 317,000 ETH added in a single week. 🤯
A buying binge that cements its lead and keeps it on track for a wild target: 5% of all ETH in existence - about $25B at today’s prices.
And the market’s taking notice.
BitMine’s stock (BMNR) is now one of the 25 most-traded U.S. companies, moving $2.2B a day in volume. Shares are up 637% year-to-date.
And BitMine’s not alone.
SharpLink Gaming (SBET) just pulled in $400M to boost its stash past $3B.
That’s on top of $900M raised last week. It now holds 598,800 ETH - worth over $2.5B - and is chasing its own 1% supply goal.
Add in players like Bit Digital, and publicly traded ETH treasuries now control several billion dollars worth of ETH.
Standard Chartered says that could soon hit 10% of all ETH in circulation.
The Top Ethereum Holders
The Bottom line:
The “Ethereum MicroStrategy” era is here.
Corporate treasuries are stacking billions, supply is tightening, and if this pace continues… $4,200 is likely just the warm-up. 🔥
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ETHEREUM TIDAL WAVE 🌊
In case that didn’t get you excited for the near future of Ethereum, let’s get you even more fired up.
An institutional tidal wave is coming for ETH. 100% certainty.
The latest prediction from our favourite chart analyst, Pentoshi?
We’re only 13% from Ethereum all-time highs.
As soon as it breaks that? It’s game on.
Billions are coming. 🌊
If you’re new here, Pentoshi is a pseudonymous macro + technical analyst who’s nailed major market moves since the 2020 bull run.
He doesn’t post speculation, just high-conviction calls backed by data.
And the wild part? He’s usually right.
Here’s what he tweeted today:
He then followed up:
Sharplink is the second-largest Ethereum treasury company, right behind Tom Lee’s.
They already own 600,000 ETH… and they just announced they’ve locked in funding to buy at least $600M more this week.
SharpLink announcement
Ryan from Bankless summed up the current Ethereum situation perfectly:
“You can buy ETH below ATH before this tidal wave hits, but not for long and you have to decide.”
A tidal wave of institutional money is coming.
Not “maybe” - they’re literally telling us.
Just like when they were telling us when the Bitcoin ETFs were approved - and BTC was only around $20,000…
Tomorrow we’re dropping a full YouTube breakdown on how ETH could realistically hit $30,000+.
That’s not a prediction from us, but straight from Tom Lee himself.
Get ready.
AND WE’RE BACK 📈
Inflows are back…
Digital asset funds snapped back into positive territory last week, pulling in $578 million.
Let’s break it down.
Ethereum led the charge with $269.8M in inflows - the biggest of any asset.
That pushed its year-to-date total to a record $8.23B, while recent price gains sent ETH’s total AUM to an all-time high of $32.6B.
Bitcoin also bounced back after two straight weeks of outflows, pulling in $260M.
Solana and XRP followed with $21.6M and $18.4M respectively.
Regionally, the U.S. dominated with $608M in inflows.
Canada, Australia, and Hong Kong followed with inflows of $16.5m, $7.9m, and $1.4m respectively.
Whilst Germany, Sweden and Brazil experienced outflows of $33.5m, $16.5m and $2.5m respectively.
The week actually started ugly - with $1B in outflows, likely tied to weak U.S. payroll figures.
But momentum flipped hard midweek.
Inflows surged to $1.57B in the back half - a move CoinShares links to the U.S. government’s announcement allowing digital assets in 401(k) retirement plans.
From red to record-breaking - all in a matter of days. 🚀
CRACKING CRYPTO 🥜
Strategy celebrates 5 years of Bitcoin success with $18M BTC purchase. Michael Saylor's Strategy pioneering Bitcoin strategy has delivered a 100% annual return rate since inception.
BitMine (BMNR) Up 10% as ETH Holdings Near $5B. The company aims to acquire 5% of all ether supply, worth around $25 billion at current prices.
Bitcoin’s corporate boom raises ‘Fort Knox’ nationalization concerns. Bitcoin’s growing centralized stockpiles among US institutions are presenting Fort Knox-like nationalization concerns, according to crypto analyst Willy Woo.
Terraform co-founder Do Kwon may plead guilty Tuesday morning in US fraud case. Terraforn Labs co-founder Do Kwon plans to plead guilty years after U.S. prosecutors charged him with fraud and money laundering.
WHAT WE’RE READING 📚
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CAN YOU CRACK THIS NUT? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
Approximately what percentage of all Bitcoin will have been mined by the year 2030? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: 97% 🥳
Due to Bitcoin’s halving schedule, about 97% of the total 21 million BTC will be mined by 2030 — but the last fraction won’t be mined until around the year 2140. ⛏️⏳
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