In BTC there's a runaway leader in the treasury race. It's far more spread out in ETH. Strategy is 12.4x the #2 and 14.5x the #3. In ETH there's no runaway lead. Bitmine is only 1.6x the #2 and 3.5x the #3. The mix of strong competitors in ETH is bullish. (RYAN SΞAN ADAMS - rsa.eth 🦄)