BitMine Pass Pass Corporate Ethereum Treasury with $2.9B for ETH
BitMine Immersion Technologies don be di biggest corporate pipo wey hold Ethereum for di whole world after dem collect 833,137 ETH (about $2.9 billion) for only 35 days. Di company start dia strong plan to gather more tins since late June, dey add almost 24,000 ETH every day and now dem hold about 0.7% of di Ethereum wey dey for market. BitMine wan get 5% of di total ETH supply if dem continue to buy. Big company dem support make BitMine stock (BMNR) dem dey buy up to $1.6 billion daily, e fit compete with big companies like Uber. Big investors like ones wey dey linked to Peter Thiel and ARK Invest don increase their shares. BitMine dey use Ethereum staking take boost their profits and make shareholders happy, making dem dey front pass others like SharpLink.
Bullish
BitMine quick collekt 833,137 ETH don reduce di available supply and e show say big big instityushonal demand dey for Ethereum. Dis one na like old Bitcoin di company dem like MicroStrategy dey buy for their treasury wey help boost di price of BTC. For short term, dis announcement fit make traders dey more interested to speculate and di price fit rise as dem dey expect more company buy. Long term, BitMine focus on Ethereum staking go bring new way to earn yield for ETH holders, e fit also make di network secure pass before and encourage more people to use am. Di mix of less sell pressure, staking yields, plus big big backers go create good hope for Ethereum and di market dem wey dey related.