BitMine don gather 833K ETH, now na di biggest Ethereum treasury
Tom Lee’s BitMine Immersion don build di world’s biggest Ethereum treasury, e dey hold 833,137 ETH wey dem value as $2.9 billion. Di company start dia strong Ethereum treasury buy strategy for end of June, dem dey target 5% of di circulating ETH supply. Di board of BitMine don approve $1 billion stock repurchase program to make di Ethereum treasury grow more. Besides ETH, di company get 192 BTC join, dem rank among di top five corporate crypto treasuries by assets. High-profile investors dem include Bill Miller III, Cathie Wood’s ARK Invest, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital. BitMine stock dey very liquid, e dey trade with average daily volume of $1.6 billion and e rank 42nd among 5,704 US-listed stocks. Pre-market trading don rise by 2.5%. With ETH staking near, traders go dey watch how e dey affect market liquidity and share value.
Bullish
BitMine don quickly dey gather 833K ETH plus dem come buy back $1 billion, dis one show say di company gats strong confidence and e go add solid demand for di Ethereum market. Corporate treasury moves like MicroStrategy wey dey buy Bitcoin before don always make price for asset rise and e dey boost market feeling. Di coming ETH staking fit bring new income and lock more supply, wey go fit support both short-term price jump and long-term strong fundamentals. Di high trading liquidity for BitMine stock still dey show say investors get plenty interest.