Morning Minute: Tom Lee Races to 1,000,000+ ETH

Key Points

1. BitMine Immersion Technologies, chaired by Tom Lee, now holds 1.15M ETH (~$5B), representing 1% of ETH's circulating supply.

2. Tom Lee aims to acquire 5% of ETH's circulating supply (~$25B), with BMNR stock rising 40% over two days on the news.

3. ETH ETFs saw a record $1.02B in net inflows, outperforming BTC ETFs, as staking yield and DeFi composability attract corporate interest.

4. Joe Lubin's SharpLink is also accumulating ETH, expected to disclose 600K ETH ($2.5B) holdings, adding to buy pressure.

5. ETH's price rose 2% to $4,280, with analysts comparing the corporate accumulation trend to Bitcoin's MicroStrategy moment.