Analysis: At the current price range, BitMine still needs to invest approximately $19 billion to reach the "5% Ether supply" target.

On August 28, according to CryptoISO, BitMine currently reports holding over 1.7 million ETH. To reach a reserve target of 5% of the Ethereum supply, an additional purchase of approximately 4.3 million ETH is needed. At the current price of $4534, this transaction would cost about $19.5 billion, and when the ETH price approaches $4200, this cost will drop to around $18.2 billion. The daily trading volume of ETH is estimated to be between $30 billion and $50 billion. Analysis indicates that compared to Michael Saylor, who often sweeps up large orders of $500 million to $1 billion in the past, each time pushing the Bitcoin price up by more than 2% instantly. Tom Lee is clearly more seasoned, but this also means that after the low point of 4060, there is a high probability that ETH will have an "invisible floor" in the range of 4200 to 4400.