As a result, the company's total holdings now amount to 4.24 million #ETH (, approximately 3.5% of the circulating supply), valued at around $12.3 billion at current prices.
The company still holds hundreds of millions of dollars in cash to continue purchasing, and half of its Ethereum holdings are already staked and generating yields.
This is not just another step in corporate treasury management; it is a bold gamble by a public company that Ethereum will become the dominant settlement platform / programmable digital currency in the future, supported by one of Wall Street’s leading digital asset supporters.
MicroStrategy has demonstrated that the balance sheet can be turned into a trading tool for Bitcoin.
Is Bitmain quietly developing the same strategy... but for #إيثيريوم ?
And if more institutions follow suit, what will happen when 5-10% of Ethereum’s supply is locked in treasuries instead of being freely traded?
Remember, when supply shrinks and demand increases... prices often rise significantly. 🚀
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Will a public company become one of the largest holders of Ethereum? 👀
#BitMine The company #ImmersionTechnologies , led by Tom Lee of Fundstrat, has invested an additional $117 million to acquire 40,302 #Ethereum .
As a result, the company's total holdings now amount to 4.24 million #ETH (, approximately 3.5% of the circulating supply), valued at around $12.3 billion at current prices.
The company still holds hundreds of millions of dollars in cash to continue purchasing, and half of its Ethereum holdings are already staked and generating yields.
This is not just another step in corporate treasury management; it is a bold gamble by a public company that Ethereum will become the dominant settlement platform / programmable digital currency in the future, supported by one of Wall Street’s leading digital asset supporters.
MicroStrategy has demonstrated that the balance sheet can be turned into a trading tool for Bitcoin.
Is Bitmain quietly developing the same strategy... but for #إيثيريوم ?
And if more institutions follow suit, what will happen when 5-10% of Ethereum’s supply is locked in treasuries instead of being freely traded?
Remember, when supply shrinks and demand increases... prices often rise significantly. 🚀
$ETH