NEW: Jacksonville man pinned down and repeatedly struck by officers during viral arrest now represented by Ben Crump
Dasaun Williams was arrested in November 2025 in Middleburg as part of “Operation Red Light,” a gang and drug investigation.
His mugshot went viral after officers used a stun gun and repeatedly struck Williams while he was pinned on the ground.
He has hired civil rights attorney Ben Crump, who called the footage “deeply disturbing” and demanded a full investigation into possible excessive force.
The case remains under review by the State Attorney’s Office.
Williams is due back in court on April 9, where he faces 27 drug-related charges.
Full bodycam footage of the incident has not been released.
I just finished watching the $BMNR shareholder meeting live, so you don’t have to.
Here are the key takeaways, and why this only reinforces my bullish stance.
TLDR:
BitMine is not just an ETH staking vehicle. It’s increasingly looking like a Berkshire Hathaway–style capital allocator for the digital economy, with massive cash generation, zero balance-sheet stress, and a real narrative + distribution edge.
1) Radical transparency (this matters more than people think)
First, credit where it’s due.
BitMine runs open, public shareholder meetings, live, with real Q&A.
Shareholders of all sizes can participate. No closed doors. No filtered narratives.
This should be the norm , but it isn’t.
And it speaks volumes about confidence, alignment, and culture.
2) The “Alchemy of 5%” is closer than most realize
BitMine’s long-term target is to reach 5% of total ETH supply.
Originally framed as a multi-year goal, they’ve already achieved a substantial portion of it. More importantly:
• With ~$1B in cash on the balance sheet
• They already control ~75% of the ETH required to reach that 5% target
According to Tom Lee, the 5% threshold is expected to be reached this year.
Why 5% matters:
• Large enough to be structurally influential
• Small enough to not crowd out the ecosystem
• Positions BitMine as a serious security and infrastructure participant, not a risk factor
This is the sweet spot.
3) Staking economics are already staggering
This is where the slides really matter.
At today’s ETH prices, BitMine already generates:
• $402–$433M per year from ETH staking + cash yield
Once they reach the 5% ETH target, still assuming today’s prices:
• $542–$583M per year in pre-tax income
That alone would place BitMine among the top ~20 most profitable companies in the U.S., with an absurdly low employee count.
Now extend that forward.
4) ETH appreciation turns this into a cash machine
At $12,000 ETH (a price level BitMine explicitly models):
• Annual staking income jumps to ~$2.0–$2.2B per year
That’s recurring, non-dilutive cash flow.
At that point, valuation becomes trivial math.
Even conservative multiples imply massive upside.
More importantly, this funds:
• Moonshot investments
• Tokenization platforms
• L2 and DeFi infrastructure
• Potential shareholder returns
All without leverage.
All without dilution.
5) Moonshots with asymmetric distribution
The MrBeast investment is far more strategic than it looks
The $200M investment into Beast Industries deserves more attention than it’s getting.
This is not a “fun” or random allocation.
It’s a distribution-first capital deployment.
MrBeast is not just a YouTuber. He is arguably the largest media company on Earth that hasn’t been labeled a media company yet.
He controls:
• Unmatched global reach
• Cross-platform dominance (YouTube, Shorts, TikTok, X, IRL)
• A generation-scale audience that actually engages, not just watches
In a world where capital increasingly competes for attention, this matters enormously.
Markets today are not driven purely by fundamentals or valuation.
They’re driven by narrative velocity and distribution efficiency.
And no one distributes better than MrBeast.
Why this fits BitMine perfectly
BitMine is building a treasury-backed, cash-generative ETH platform. That alone is powerful.
But pairing that with direct access to the world’s largest content engine creates something far more asymmetric.
This partnership gives BitMine:
• Cultural relevance without gimmicks
• A non-financial on-ramp into mainstream consciousness
• A way to explain Ethereum, staking, tokenization, and digital ownership to hundreds of millions of people without sounding institutional or academic
That is extremely rare.
Narrative is not fluff.
Narrative is capital formation infrastructure.
6) This is starting to look like Berkshire, not a staking proxy
This is the reframing that matters most.
BitMine is not “just”:
• An ETH treasury
• A staking yield play
It’s becoming:
• A capital allocator
• A cash-generating base layer
• A platform for reinvestment into the digital economy
That’s Berkshire logic, just applied to Ethereum.
7) Balance sheet strength + liquidity = durability
Final points that shouldn’t be overlooked:
• Zero debt
• ~$1B cash
• Highly liquid stock (institutions and retail can participate without distortion)
• No liquidity mismatches
• No forced selling risk
• No leverage fragility
This is a company built to survive volatility, not fear it.
Closing thought
What stood out most wasn’t just the numbers.
It was:
• The clarity of strategy
• The confidence without arrogance
• The long-term thinking
• The willingness to engage openly
BitMine increasingly looks like a core digital holding company, not a trade.
For me, this meeting didn’t change the thesis — it validated it.
Very bullish on $BMNR and @fundstrat