【Listed mining firms buy another 20,000 Ethereum, holdings hit 5% 🏦🔥📈】
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BitMine, which is listed on Nasdaq, has made another move.
It bought an additional 20,000 ETH in one go.
At the current price, that’s about $48.89 million.💸
The company already holds 5.87 million ETH.
That’s 4.8% of Ethereum’s circulating supply.
To reach its 5% target, it only needs 187,000 more ETH.🎯
Now think—why would it dare to buy like this?
Just from staking, it can “lie back and earn” about $330 million per year.
No need to sell tokens to replenish cash.🤔
Tom Lee also weighed in.
This is the行情 for the AI downstream.
Tokenization, agents, and loose liquidity are all helping.📢
You should know: Ethereum is down more than 17% this year.
But this company has kept buying as it falls.
And its stock is also close to doubling from the late-June low.👀
Bitcoin’s dominance is still above 60%.
As long as the broader market hasn’t given the green light, the altcoin rally won’t fully bloom.
But the posture of institutions accumulating ETH is already clear.🐋
📌 Mining firms treat Ethereum as an asset to stockpile—staking rewards cover the holding costs, sending a clear signal of institutional long-termism
➕ Join the fan group to get strategies!🔥 Every day, I’ll help you understand the latest crypto-market hotspots and where institutional money flows—using the simplest way to seize the next opportunity!🚀
#以太坊 #机构资金 #山寨币 #AI
Group chat: Tap the profile to enter the group and get the daily strategy
BitMine, which is listed on Nasdaq, has made another move.
It bought an additional 20,000 ETH in one go.
At the current price, that’s about $48.89 million.💸
The company already holds 5.87 million ETH.
That’s 4.8% of Ethereum’s circulating supply.
To reach its 5% target, it only needs 187,000 more ETH.🎯
Now think—why would it dare to buy like this?
Just from staking, it can “lie back and earn” about $330 million per year.
No need to sell tokens to replenish cash.🤔
Tom Lee also weighed in.
This is the行情 for the AI downstream.
Tokenization, agents, and loose liquidity are all helping.📢
You should know: Ethereum is down more than 17% this year.
But this company has kept buying as it falls.
And its stock is also close to doubling from the late-June low.👀
Bitcoin’s dominance is still above 60%.
As long as the broader market hasn’t given the green light, the altcoin rally won’t fully bloom.
But the posture of institutions accumulating ETH is already clear.🐋
📌 Mining firms treat Ethereum as an asset to stockpile—staking rewards cover the holding costs, sending a clear signal of institutional long-termism
➕ Join the fan group to get strategies!🔥 Every day, I’ll help you understand the latest crypto-market hotspots and where institutional money flows—using the simplest way to seize the next opportunity!🚀
#以太坊 #机构资金 #山寨币 #AI
