According to @BullTheoryio, Tom Lee's BitMine bought 138,452 ETH worth $437.7 million last week and now holds 3.86 million ETH valued at $12.4 billion, representing about 3.2% of total supply and the largest ETH treasury globally, source: @BullTheoryio. The source reports that ETH demand is rising as major Wall Street firms build on Ethereum via tokenization and DeFi infrastructure across Ethereum and its L2s, naming JPMorgan, Deutsche Bank, and Standard Chartered, source: @BullTheoryio. The source adds that BlackRock is launching tokenized funds and has filed for a staked Ethereum ETF, while Amundi, HSBC, BNY Mellon, Coinbase, Kraken, and Robinhood use Ethereum rails for custody, settlement, or rollup infrastructure, source: @BullTheoryio. The source states that large companies are holding and staking ETH for yield and that BitMine expects over $400 million annually in staking revenue from its position, source: @BullTheoryio. For traders, the source frames concentrated ETH treasuries and institutional use of Ethereum rails as direct drivers of spot demand and staking activity to monitor for liquidity and yield dynamics, source: @BullTheoryio.