POPA Recon#ETH #Ethereum #Bitmine #Institutional #Treasury 🐋
#ETH #Ethereum #Bitmine #Institutional #Treasury 🐋 Bitmine holds 5.74M ETH - and they're not buying it as a trade 4.8% of total ETH supply, $11.1B portfolio, and a thesis that Ethereum becomes the settlement layer for banks, corporations, and AI agents The company draws three parallels: 🟢 Amazon: from bookstore to global cloud infrastructure 🟢 Nvidia: from gaming GPUs to the backbone of AI 🟢 JPMorgan: from US bank to global financial infrastructure The thesis: transformations that looked niche until they weren't. ETH is mid-transition from speculative asset to programmable settlement laye…
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