Bitmine Immersion Technologies (BMNR) has strengthened its position as the largest listed holder of Ethereum, with his total ETH portfolio now rated at more than $ 2 billion.
In one revelation On July 24, the company announced that it currently has 566,776 ETH, acquired at an average price of $ 3,643 per token.
Bitmine’s ETH stock now exceeds the combined interests of the Ethereum Foundation, the non-profit organization behind the blockchain network and Coinbase, the largest crypto-trade platform in the US.
According to Strategic ETH Reserves -data, Bitmine’s Holdings now also surpassed Sharplink, the second largest Ethereum holder, with more than 200,000 ETH.
The chairman of Bitmine, Thomas Lee, stated that the company remains focused on its long -term objective to acquire and set 5% of Ethereum’s total offer.
Bitmine currently controls approximately 0.46% of the ETH in circulation. Although the target is ambitious, Lee described it as feasible considering the continuous accumulation strategy of the company.
The bullish prospects of the company have attracted support from important institutional investors. Such an investor is Ark Invest, led by Cathie Wood, who has dedicated more than $ 170 million to Bitmine shares.
In recent social media afterWood expressed her conviction that Bitmine is well positioned to play a leading role in the evolution of Defi and on-chain capital markets. She noted that Digital Asset Treasury companies such as Bitmine could become the next generation of asset managers in the blockchain era.
Options trade
In a parallel development, Bitmine has also taken an important step in expanding market access to its shares.
On July 23, the company announced That his ordinary shares started dealing with options on the New York Stock Exchange under the Ticker symbol “BMNR.” The option list has standard due dates and multiple exercise prices, so that investors offer more flexibility and risk management aids.
According to Lee, this step reflects the trust of investors and offers new ways for market participants to get exposure to the future growth of the company.
According to Google Finance factsBMNR shares rose by 7% to $ 42 After these developments.
