Leading ETH Treasury Firm Reaches Tremendous Milestone
Analysis
Price Impact
HighBitmine's aggressive accumulation of 4m+ eth (3.37% of total supply) aims to create a supply shock and drive prices up. however, fundstrat's private bearish forecast of eth dropping to $1,800-$2,000 by h1 2026, citing macro headwinds, directly contradicts this, posing a $4.8 billion loss risk for bitmine and potential broader market panic if their stock crashes.
Trustworthiness
MedBitmine's holdings are a reported fact, and fundstrat is a reputable research firm. however, the significant discrepancy between tom lee's public bullish calls and his firm's private bearish advice, coupled with 'exit liquidity' accusations, introduces uncertainty and questions of potential market manipulation, thereby reducing overall trust in the presented market sentiment.
Price Direction
BearishDespite bitmine's attempt to reduce circulating supply, fundstrat's private bearish outlook for h1 2026, citing substantial macroeconomic headwinds, signals significant downside risk. a potential drop to $1,800-$2,000 could trigger a massive $4.8 billion loss for a major holder like bitmine, potentially leading to sell-offs and widespread negative sentiment. the accusation of creating 'exit liquidity' further fuels a bearish outlook.
Time Effect
ShortWhile bitmine's accumulation strategy is long-term, fundstrat's bearish prediction for a significant price drop is specifically for the first half of 2026. this relatively near-term outlook creates immediate concern and potential for a sharp price correction in the coming months.
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Cover image via U.Today Read U.TODAY on Google News Ethereum treasury giant BitMine has now surpassed 4 million Ethereum (ETH) tokens. The firm now owns approximately 3.37% of the total global supply of the flagship altcoin. Advertisement Having added over 500,000 ETH in the last 30 days alone, BitMine is now substantially closer to its goal of controlling 5% of the supply. They aim to force the price up by removing liquidity from exchanges. The firm began its extremely aggressive Ethereum acquisition strategy in early July 2025. The pivot initially resulted in a massive ETH/BTC spike. However, it was rather short-lived. HOT Stories Leading ETH Treasury Firm Reaches Tremendous Milestone Shiba Inu Sell Wall Stalls Price Rally, Ripple’s Stablecoin Cuts Token Supply, Cardano Founder Takes Jab at XRP and SOL — Crypto News Digest Strategy Buys 0 BTC, Boosts USD Reserve Morning Crypto Report: Fighting XRP Is Bearish: Solana Founder, Shiba Inu (SHIB) Nears Another 0, Bitcoin Erases Bears With 17,128% Liquidation Imbalance Prior to that, it was primarily known for Bitcoin mining and immersion technology. Advertisement Latest Tom Lee controversy After stunning market observers with its initial success, the firm is under pressure due to falling prices. The notorious permabull would claim that ETH was entering a "supercycle" during his various media appearances. He has cited uber-bullish targets like $15,000 by year-end 2025 with seemingly unwavering confidence. You Might Also Like Fri, 12/19/2025 - 14:21 Next Major Ethereum Upgrade Revealed by Developers By Godfrey Benjamin Advertisement However, Fundstrat, Lee's research firm, is now privately predicting that ETH will nose-dive to $1,800–$2,000 in the first half of 2026. The report advises wealthy clients to "raise cash and stablecoin balances" and wait for a crash to buy back in lower. It cites four key headwinds as the US government shutdown, trade policy uncertainty, AI fatigue, as well as uncertainty surrounding the Federal Reserve. Some have now accused Lee of creating "exit liquidity" for his private clients. If Fundstrat’s private prediction comes true and ETH drops to $1,800, the value of BitMine’s treasury could collapse by 40% or more. A drop from roughly $3,000 to $1,800 on a 4 million ETH portfolio represents a potential loss of $4.8 billion in book value. Since BMNR stock trades based on its ETH holdings (NAV), a 40% drop in ETH value would likely crash the stock price. #Ethereum News