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Tom Lee Retweet: If Mr. Beast were to IPO in the future and experience significant growth, BMNR could see multiple-fold upside
BlockBeats News, on February 11th, cross-chain bridge MultiBit CEO @mmmikema stated in a post that Beast Industries has acquired the Gen Z-oriented banking app Step, with BMNR holding a 4% stake in Beast Industries. It is mentioned that if Mr. Beast were to launch an IPO in the future and achieve significant growth, the current investment of approximately $200 million could be enough to drive BMNR's stock price to increase several times over the current price.
The tweet also emphasized that Fundstrat has had success in early identification of "moonshot" companies such as Palantir, Nvidia, Tesla, and with BMNR expected to receive more Ethereum (ETH)-related revenue in the future, the company is poised to hit 10 to 20 high-growth projects in the coming years.
On a narrative level, the tweet positioned BMNR as a core infrastructure company in the "Ethereum Super Cycle," stating its potential to become a $1 trillion Ethereum infrastructure company and likening it to the "Google of the future financial era."
As of now, Tom Lee has only retweeted the above points without further comment. The market continues to pay close attention to the long-term valuation space of BMNR and its Ethereum ecosystem layout.
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