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GM to all of you nutcases. It’s Crypto Nutshell #689 mappin’ the way… 🗺️🥜

We're the crypto newsletter that's more intense than a cop trapped in a skyscraper on Christmas Eve... 🎄🔫

What we’ve cooked up for you today…

• 🏦 Digital asset treasury race

• 🎁 Volatility is a gift

• 🤑 Capital rotation

• 💰 And more…

What’s in the Crypto Nutshell Portfolio?

DIGITAL ASSET TREASURY RACE 🏦

BREAKING: BitMine grows corporate Ethereum holdings to $6.6 billion, claims to be second-largest DAT after Strategy

BitMine Immersion is going all in on Ethereum.

The Tom Lee–led company just scooped up 373,000 ETH, bringing its total stash to 1.52 million ETH - worth $6.6 billion.

That makes it the single largest corporate holder of Ethereum, holding about 1.3% of the entire supply.

And BitMine’s not done yet…

Its so-called “alchemy of 5%” strategy is aimed at cornering 5% of all circulating ETH.

That puts it head-to-head with other treasury giants like SharpLink Gaming (729,000 ETH, $3.2B) and The Ether Machine (345,000 ETH, $1.5B).

Together, they’re fuelling an arms race in ETH accumulation that looks a lot like Bitcoin’s corporate gold rush in 2020.

But here’s the catch…

Markets aren’t exactly cheering.

BitMine’s shares cratered 15% in the past week, sliding in lockstep with ETH’s pullback after it nearly touched a new all-time high.

It’s a reminder that corporate balance sheets rise and fall with crypto’s volatility - and equity investors don’t always have the same conviction as crypto natives.

Step back, though, and the big picture is screaming bullish.

Ethereum ETFs saw $17 billion in trading volume last week.

Standard Chartered just raised its ETH 2025 target from $4,000 to $7,500, pointing to ETF adoption and stablecoin clarity as the key drivers.

And Ethereum’s Pectra upgrade - live since May - has already powered a 139% price surge by making staking smoother, scaling faster, and UX cleaner.

For BitMine, the thesis couldn’t be clearer: Ethereum is becoming the backbone of global finance.

Or, as Tom Lee put it: Wall Street is building its rails on ETH, while AI builds its token economy.

If he’s right, BitMine’s $6.6 billion war chest might go down as visionary - not reckless.

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VOLATILITY IS A GIFT 🎁

Bitcoin is down over 2% this week.

Ethereum is down over 4% in the past 24 hours.

But according to Michael Saylor - that’s not a problem. It’s the opportunity.

In his latest appearance on CNBC, Saylor dropped one of his classic analogies:

In other words: volatility is the feature, not the bug.

It’s the energy that powers Bitcoin’s long-term trajectory higher.

Yes, Bitcoin will surge and crash.
Yes, the headlines will scream fear every time it dips.

If you can embrace volatility instead of fearing it, you’ll see it for what it really is - the greatest gift Bitcoin gives its holders. 🎁

CAPITAL ROTATION 🤑

That’s two in a row now…

Digital asset funds saw $3.75 billion in inflows last week, the fourth largest on record.

Total assets under management (AUM) also reached an all-time high of $244 billion on 13th August.

Let’s break it down.

Ethereum was the clear star.

It raked in a record $2.87 billion, accounting for 77% of all weekly inflows, and pushing its year-to-date total to $11.09 billion.

Bitcoin wasn’t quiet either, adding $552 million.

Solana and XRP chipped in with $176.5M and $125.9M, keeping their streaks alive.

Regionally, the U.S. did almost all the heavy lifting with $3.73B - that’s 99% of total flows.

Canada, Hong Kong, and Australia added $33.7M, $20.9M, and $12.1M.

While Sweden and Brazil saw outflows of $49.9M and $10.6M.

But here’s the odd part.

Nearly all of last week’s inflows came from one provider - BlackRock - and one asset - Ethereum.

It’s the exact rotation we’ve been calling for.

Just like past cycles, the pattern is clear:

BTC → ETH → Large Caps → Everything else.

And right now, ETH has the spotlight.

CRACKING CRYPTO 🥜

Tokenized assets near $300 billion as Wall Street quietly floods on chain. Stablecoins dominate at $267 billion while tokenized Treasuries climb past $7 billion.

Another solo Bitcoin miner hits jackpot with $371,000 block reward. A solo Bitcoin miner defied the odds on Sunday, mining block 910,440 through Solo CK Pool and earning $371,000 in rewards.

Top Crypto Traders Flip Bearish on BTC, ETH in Major Sentiment Shift. Once-bullish crypto traders are warning of billions in potential ether liquidations and fresh downside risks for bitcoin.

TD Cowen maintains Strategy's $680 price target after firm purchases another $51.4 million in bitcoin. TD Cowen holds its MSTR price target at $680, on the prediction that Strategy will accumulate 4.3% of Bitcoin’s total supply by 2027's end.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

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• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• The Neuron (link) - AI trends and tools to keep you ahead

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”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: London 🥳

The London upgrade (2021) burned a portion of gas fees, introducing ETH’s “ultrasound money” narrative. 🔥

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.