1 Company Now Holds Nearly 5% of All Ethereum. That's An Obvious Sell Signal

BitMine has accumulated nearly 5% of all Ethereum through its stated strategy of building a massive cryptocurrency position. The author argues this represents a high-risk bet on a single asset backed only by belief in its value, with no underlying business fundamentals or physical assets. BitMine's stock price has tracked Ethereum's volatile performance, and the author recommends conservative investors avoid both the stock and cryptocurrency market.