Ethereum‘s (CRYPTO: ETH) next moonshot might be brewing — and it’s not coming from a meme coin army, but from Bitmine Immersion Technologies Inc‘s (NYSE:BMNR) boardroom.
The Cathie Wood, Peter Thiel and Tom Lee backed crypto infrastructure company is reportedly planning to raise a staggering $20 billion for one purpose: to buy ETH.
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That’s double the scale of the last big corporate buying spree, which sent prices from $2,000 to $4,500, noted an X user. And if history rhymes, this time the jump could be seismic — with $15,000 ETH whispered as “programmed.”