Bitmine bought another ~30,000 ETH last week, with the treasury approaching 5% of total supply.
Bitmine, a publicly listed company with Tom Lee as chairman, added another ~30,000 $ETH last week, bringing its total holdings to about 5.93 million ETH, nearing 4.9% of Ethereum’s total supply. This is a route to shape the company’s balance sheet into an Ethereum beta, following the same logic as MicroStrategy’s approach to Bitcoin.
Treasury buy orders can provide marginal demand, and they can also tie the company’s stock price to the coin price. The “buying” news is not a command that “it will definitely rise tomorrow,” but a signal that this type of buyer is still in the market. Don’t copy trades based on a listed company’s financing capacity.
$ETH #机构持仓 #以太坊 does not constitute investment advice
Bitmine, a publicly listed company with Tom Lee as chairman, added another ~30,000 $ETH last week, bringing its total holdings to about 5.93 million ETH, nearing 4.9% of Ethereum’s total supply. This is a route to shape the company’s balance sheet into an Ethereum beta, following the same logic as MicroStrategy’s approach to Bitcoin.
Treasury buy orders can provide marginal demand, and they can also tie the company’s stock price to the coin price. The “buying” news is not a command that “it will definitely rise tomorrow,” but a signal that this type of buyer is still in the market. Don’t copy trades based on a listed company’s financing capacity.
$ETH #机构持仓 #以太坊 does not constitute investment advice
