$BMNR OWNS ALMOST 6 MILLION ETH.
So think of it this way:
Every $100 ETH rises = roughly $600M added to the value of BitMine’s ETH treasury.
And at different $ETH prices:
ETH $2,500 → BitMine ETH = $14.9B
ETH $3,000 → $17.9B
ETH $4,000 → $23.8B
ETH $5,000 → $29.8B
That’s the scale of 5,956,378 ETH.
A move from $2,500 to $5,000 ETH would add almost $15 BILLION to the value of BitMine’s ETH alone.
Tom Lee
@fundstrat wanted scale. Nearly 6 million ETH later, he has it.