Morning Minute: ETH Soars as BMNR Files to Buy $25B
The post Morning Minute: ETH Soars as BMNR Files to Buy $25B appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors soar led by ETH and SOL; Bitcoin breaks $120,000 Tom Lee files to raise $20B ATM for more ETH; ETH +9% to $4,700 ETHZilla stock (ATNF) pops 300% after ETH buys & Peter Thiel disclosure OKX’s OKB token jumps 130% after announcing a new buyback program Coinbase introduces stablecoin fund to deepen DeFi liquidity and help protocols grow 💰 Tom Lee’s BitMine Goes All-In on Ethereum You may be tired of reading about the ETH TreasuryCo race, but I’m sorry – it’s the biggest story in town. And the story just entered a surprising (mega bullish) new chapter. 📌 What Happened: BitMine Immersion (BMNR), led by Fundstrat’s Tom Lee, has filed to boost its at-the-market stock offering from $4.5B to $24.5B, with the extra $20B earmarked entirely for Ethereum purchases. Yes that’s right, $20B more for ETH purchases! The firm already holds ~1.15M ETH worth nearly $5B, about 1% of supply, and now wants to scale that to 5%. Ethereum jumped ~10% on the news, passing $4,600 and extending its ~70% YTD rally. 🗣️ What They’re Saying: “I can defeat all your ETH bear arguments in one sentence. Tom Lee just filed to expand his ETH buys by $20 billion.” – Ryan Adams, Bankless “Tom Lee wants to buy $20B worth of ETH in a single year. 5% of the total ETH supply. on pace to achieve it in 2026. 12x faster than Michael Saylor. only one of the many ETH treasuries” – ripdoteth, on X this is why it looks like $ETH is just moving up in a straight line, they have to use…
Filed under: News - @ August 13, 2025 8:28 pm