Ethereum co-founder Vitalik Buterin stated that evaluating ETH based on its fee-based burn mechanism is less compelling than it appears, and advocates for viewing ETH as a store of value. He believes that optimizing around the concept of a store of value aligns with goals of decentralization, censorship resistance, capture resistance, open source, privacy, and security.
Bitmine Chairman Tom Lee called the view a major shift and endorsed the company's strategy. Bitmine holds approximately 6 million ETH.
As of the original article, the price of ETH is approximately 58% lower than its high of around $4,946 in August 2025; during the same period, cumulative inflows into the ETH ETF decreased by 23%, and those into the BTC ETF decreased by 12%. Bitmine stated that, based on current yields, staking ETH is expected to yield $309 million annually. (Source: Bitcoin.com News)
