BitMine has become the first company to surpass 1m ETH stake over $ 5B.
Bitmine became the first corporate finance that surpassed 1 million Ethereum (ETH) in Holdings after Stash climbed. On August 15, 1,17 million ETHs are more than $ 5 billion.
The company added about $ 2 billion a week to 317,126 tokens. Bitmine Chairman Tom Lee said that the company plans to move on August 4. “Lightning speed” We pursue 5%of ETH’s total supply.
In particular, the company started its financial strategy on June 30, with more than 0 to 1 million ETH in a month.
Financial competition accelerates
Bitmine has now led the Ethereum Treasury division and surpassed Sharplink Gaming’s 728,804 Eth Holdings.
Sharplink has been reported August 15th It raised more than $ 2.6 billion in capital for the acquisition of ETH and accounted for almost 100%of its stake, which earned about 1,326 ETH cumulative rewards.
. Data Strategic ETH reserve 71 ethical -oriented financial companies have $ 13.3 billion, $ 133 billion, accounting for 3.06%of total supply.
These companies represent Plan to allocate To acquire additional ETH, you can raise your stake to 10%of the total supply to about $ 27 billion.
BitMine has submitted an amendment to expand its equity program to $ 20 billion in the market to fund the sustainable acquisition.
The aggressive strategy led to a significant stock performance, with a surge of up to 1,100%, an average daily trading volume of $ 2.2 billion and ranked 25th among listed stocks.
Institutional adoption context
Fast accumulation is a basic infrastructure for future financial systems and can be a signal that raises the institutional awareness of Ethereum.
The wide range of views of the company can match the understanding of Bit Mine that Staying ETH matches the company with the long -term success of Ether Lee, while securing a network and producing yields.
July 21, Cashwood’s Ark Investment I changed about $ 175 million From traditional password stocks such as Coinbase and Robinhood to BitMine. This action shows institutional trust in Etherum’s financial strategy.
BitMine’s achievements are selected as the third largest cryptocurrency of the Bitcoin -centric strategy and Mara Holdings.
