Episode 10: The Ethereum Treasury Model: BitMine's Bold Bet

Bitmine's Ambitious Ethereum Accumulation Strategy Explained In this episode of Old Men New Money, host Douglas Borthwick delves into Bitmine's strategic pivot from Bitcoin mining to becoming the world's largest Ethereum treasury. Led by Tom Lee of Fundstrat, Bitmine aims to accumulate 5% of all Ethereum by leveraging capital markets and staking ETH for yield. This episode examines the differences between Bitcoin and Ethereum as assets, Bitmine's innovative immersion cooling technology, and the company's ambitious goal to position itself as a primary counterparty for institutional Ethereum transactions. The episode also highlights the risks involved and compares Bitmine's model to MicroStrategy's Bitcoin accumulation approach. 00:00 Introduction to Corporate Treasury Strategies 00:19 Bitmine's Bold Ethereum Strategy 01:10 Tom Lee's Vision and Strategic Pivot 01:43 Ethereum's Supercycle and Institutional Adoption 03:14 Bitmine's Accumulation and Staking Strategy 08:19 Liquidity and Market Position 09:09 Valuation and Future Prospects 13:37 Risks and Comparisons 15:59 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe