Simply Bitcoin MicroStrategy vs BitMine: Who Will Be The Crypto King? | Bitcoin Simply
Jan 19, 2026
Joining the discussion is Tom Lee, co-founder of Bitmine Immersion Technologies and a notable market strategist. He argues for Ethereum’s potential in tokenization, claiming it to be Wall Street's biggest macro trade of the decade. They dive into Bitmine’s ambitious plan to accumulate 5% of Ethereum and their $200M investment in MrBeast's venture. The debate intensifies as they compare Bitcoin’s scarcity to Ethereum’s utility, revealing the high stakes of crypto investment strategies that could shape financial futures.
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Two Competing Macro Strategies
- MicroStrategy has amassed a huge Bitcoin treasury and uses digital credit to scale returns by issuing preferred stock and notes.
- Bitmine pursues rapid ETH accumulation, staking yield, and moonshot VC bets as an alternative macro strategy.
Rapid ETH Accumulation
- Bitmine reached ~68% of its 5% ETH target within seven months by aggressively buying ETH and holding cash for more purchases.
- That speed challenges assumptions about how long corporate accumulation of a network's supply should take.
Issue Bitcoin-Backed Credit Instruments
- Michael Saylor recommends issuing treasury credit instruments that pay above the risk-free rate, backed by Bitcoin collateral.
- He says transparent collateral and predictable behavior make a digital treasury credit-worthy.