Ethereum’s Biggest Holder Could Trigger a Crash

In July of last year, Bitmine Immersion Technologies closed at $135 a share. And Tom Lee was on every financial network in America, explaining why this was the cleanest leveraged bet on Ethereum that retail and institutional capital had ever been offered. Today, that same stock trades at $21.88%, an 83.8% collapse from the closing peak and an 86.4% 4% wipeout from its 52- week intraday high of $161.The company sits on 5,78,000 ETH, more than 4.21% of the entire circulating supply. And the marktomarket damag ...