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.

According to @camillionaire_m, The Ether Machine is being built to align with the thesis that the world is tokenizing on Ethereum, positioning ETH as the base asset and $ETHM as the project’s token while describing The Ether Machine as the yield source. Source: @camillionaire_m on X, Oct 31, 2025. According to @camillionaire_m, the post explicitly references the official handle @TheEtherMachine and tags $ETHM, signaling an ecosystem narrative centered on Ethereum-based yield. Source: @camillionaire_m on X, Oct 31, 2025. According to @camillionaire_m, no smart contract address, tokenomics, launch timeline, or exchange listings are provided in the post, indicating key trading details are not yet disclosed and should be verified via the cited X handles before any market action. Source: @camillionaire_m on X, Oct 31, 2025. According to @camillionaire_m, the inclusion of a link to an X post by @scottmelker adds social visibility, but the post itself remains the only confirmed source for ETH as the base asset, The Ether Machine as yield, and $ETHM as the token at this time for trader watchlists. Source: @camillionaire_m on X, Oct 31, 2025.