📌 MAROKO133 Hot crypto: Tom Lee’s Bitmine Immersion Adds 99,000 ETH Boosting Holdi
Bitmine Immersion Technologies has disclosed that it now controls 3.37% of the total Ethereum token supply, marking a major milestone in its stated ambition to acquire 5% of all ETH—a target it refers to as the “Alchemy of 5%.”
The update was released on Monday as part of a broader announcement detailing the company’s rapidly expanding crypto treasury and capital market footprint.
As of December 21, Bitmine reports holdings of 4,066,062 ETH valued at approximately $2,991 per token, alongside 193 Bitcoin and $1.0 billion in cash. Including a $32 million equity stake in Eightco Holdings and other crypto assets classified as “moonshots,” the company’s total crypto, cash, and opportunistic holdings reached $13.2 billion.
Ethereum’s circulating supply currently stands at roughly 120.7 million tokens, making Bitmine the world’s largest ETH treasury holder.
Treasury Growth, Institutional Backing, and Market Liquidity
Bitmine’s ETH accumulation has accelerated sharply in recent months. According to the company, it added 98,852 ETH in the past week alone, pushing total holdings beyond the 4 million ETH threshold just 5.5 months after initiating its strategy.
Fundstrat Chairman Tom Lee said the pace of accumulation reflects Bitmine’s role as a bridge between traditional finance and on-chain infrastructure, particularly as tokenization and decentralized finance gain institutional traction.
The company reports that it leads crypto treasury peers both in the velocity of increasing crypto net asset value (NAV) per share and in the trading liquidity of its equity.
BMNR stock is now the 66th most traded stock in the United States, with an average daily trading volume of $1.7 billion over the past five days, ranking just behind Wells Fargo and ahead of Chevron among more than 5,700 listed U.S. equities.
Bitmine remains backed by a prominent group of institutional and strategic investors, including ARK Invest’s Cathie Wood, Founders Fund, Pantera Capital, Galaxy Digital, Digital Currency Group (DCG), Kraken, Bill Miller III, MOZAYYX, and personal investor Thomas “Tom” Lee.
Bitmine ranks as the number one Ethereum treasury globally and the second-largest crypto treasury overall, behind Strategy Inc., which holds more than 671,000 Bitcoin.
Beyond accumulation, Bitmine is advancing its “Made in America Validator Network” (MAVAN), a secure staking infrastructure platform expected to launch in early 2026.
The company will hold its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026, inviting shareholders to attend in person as it outlines the next phase of its ETH-centric strategy amid what it describes as a transformational regulatory moment for U.S. financial markets.
The post Tom Lee’s Bitmine Immersion Adds 99,000 ETH Boosting Holdings to 4.07M ETH appeared first on Cryptonews.
🔗 Sumber: cryptonews.com
📌 MAROKO133 Breaking crypto: Aave Labs Accused of Breaking Trust After Unilateral
Aave Labs has ignited fierce controversy by unilaterally pushing a critical governance proposal to vote without notifying its author, escalating tensions over brand ownership that threatens to redefine the relationship between the DeFi protocol’s DAO and its founding company.
The hasty move, which bypassed ongoing community discussion, has been condemned as a breach of trust by contributors and token holders who view it as an attempt to control the narrative around who truly owns Aave’s most valuable assets.
Ernesto Boado, co-founder of BGD Labs and the proposal’s author, publicly disavowed Aave Labs’ decision to submit his ownership proposal to Snapshot.
“This is not, in ethos, my proposal,” Boado declared.
“Aave Labs has unilaterally submitted my proposal to vote in a rush, with my name on it, and without notifying me at all.“
He emphasized the action “breaks all codes of trust with the community” during what had been a productive forum discussion featuring valuable perspectives from multiple stakeholders.
Brand Control Battle Reaches Critical Point
The proposal at the center of this dispute seeks to transfer control of Aave’s brand assets, including domains such as aave.com, social media handles, GitHub organizations, and naming rights, from current stewards to the Aave DAO via a legally structured wrapper.
Boado’s specification demands that any party currently controlling these assets, explicitly naming Aave Labs and BGD Labs, transfer them to a DAO-controlled vehicle with “strong anti-capture protections” and legally enforceable recourse if misused.
The proposal emerged after mounting concerns that brand assets are “being used to enable private monetisation and to support products the DAO has no practical say on, and is not the main value-recipient.“
Recent flashpoints include Aave Labs replacing Paraswap with CowSwap integration, redirecting an estimated $10 million in annual fees from the DAO treasury to private company wallets.
Additionally, there’s another controversial Horizon market launch that generated approximately $100,000 in revenue while consuming $500,000 in DAO incentives.
Marc Zeller of ACI argued the DAO paid “four times” for these assets through the original LEND ICO, token dilution to the genesis team, liquidity mining programs, and generous service provider fees.
“It appears to be a clear case that the DAO contributed hundreds of millions of dollars’ worth of assets, paid in cash and tokens, making these assets extremely valuable,” Zeller stated, adding that recent communication channel management under Avara’s stewardship failed to amplify the governance debate while emphasizing “one-sided attribution” of Aave’s success.
Founder Defends Legitimacy Despite Backlash
Stani Kulechov, who maintains the title “CEO of Aave” despite the DAO structure, defended the rushed vote as procedurally sound.
“The discussion has been going over the past 5 days already with various of opinions and takes,” Kulechov stated, arguing the Snapshot complies with the governance framework and that “people are tired of this discussion.”
He claimed other service providers bring proposals to vote outside formal processes, creating no new precedent, while asserting that “the way to resolve this issue is simply to vote.“
The defense rang hollow for many observers.
Crypto educator Duo Nine characterized Kulechov’s actions as showing he’s “not acting in good faith anymore, too much conflict of interest.”
Industry analyst Ignas also drew parallels to Uniswap Labs’ similar equity-token conflicts, which ultimately resolved in favor of token holders through the removal of front-end fees.
The clash exposes fundamental tensions in DAO governance when founding teams maintain private companies alongside supposedly decentralized protocols.
While Aave Labs draws sharp boundaries between “protocol” components governed by the DAO and “product” layers it claims ownership over, critics argue this di…
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🔗 Sumber: cryptonews.com
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