Bitmine, Bitcoin Mining Company, already has about 163,000 ETH in its reservations

The signature that quotes in NYSE, Bitmine, has already accumulated more than 163,000 Eth as part of a strategy focused on Ethereum.

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• Bitmine Duplicate the capital collected to buy ETH and handles the second largest treasury in the digital currency.
• The company adopts a treasury model “Light in assets” to increase the value per action with staking and reinvestment.
• Tom Lee compares the strategy with Strategy, qualifying this treasury as a “Sovereign support.”

Bitmine Immersion Technologies, a mining company of Bitcoin which recently announced an investment strategy focused on Ethereum, He revealed on Monday that he currently has about 163,000 Eth, valued at almost USD $ 500,000,000.

The firm, based in Nevada and listed in the NYSE Under the ticket BMNR, has taken a radical turn towards a financial strategy based on Ethereum, consolidating as one of the largest public holders of the digital currency today.

According to data from Defill reviewed by The Block, Bitmine It is now positioned as the second largest corporate treasure of Ethereum, just behind Sharplink, And leaving out the Ethereum Foundation. This accumulation was carried out after raising USD $ 250 million through sales sales, a figure that the company doubled in direct investment to buy Eth, demonstrating its commitment to this new strategic direction.

A treasury strategy inspired by decentralization

Since June, Bitmine adopted a treasury model called “Light in assets”focused on increasing the amount of Eth maintained by action. This model is based on three pillars: activities in capital markets, yields due to staffing and reinvestment of the operating cash flow.

The objective of this strategy is not only to maximize the value for shareholders. It also seeks to reduce the circulating supply of Ethereum, supporting your decentralization. According to the company spokesmen, This double mission – financial and philosophical – could generate beneficial effects for both markets and network Ethereum per se.

The announcement caused a strong reaction in the market: the shares of BMNR 15 % rose on Monday, while the price of Ethereum It was around USD $ 3,066, with a 3 % increase in 24 hours.

A model that evokes Strategy and your reservation BTC

The president of the Board of Directors of Bitmine and founder of Fundstrat, Tom Lee publicly compared this strategy with that used by Strategycompany that has already accumulated more than 600,000 BTC as part of its corporate treasury model.

Lee said that great corporate reserves such as these generate a “Reflective benefit” As institutional demand grows by cryptoactive. In his opinion, the companies that act as “Sovereign bridges” Towards digital assets allow institutional nations and funds to expose the ecosystem without having to assume direct operating costs or risks.

“In the same way that Strategy BTC reserves act as a ‘sovereign support’ for the nation states, ETH treasures could become a ‘Wall Street support’ backrest ‘”Lee said. This idea reinforces the vision that corporate capital can play a fundamental role in the growth and stability of the Ethereum ecosystem.

Future perspectives and reservations expansion

Yes ok Bitmine has not defined specific goals for future acquisitions of Eth, He has made it clear that he plans to continue resorting to capital markets to expand their position. The company will also seek yields through standking mechanisms, adding a passive income layer of income to its accumulation model.

This approach places Bitmine In a strategic position in the emerging Crypto Treasury Universe, at a time where many other companies still maintain cautious postures against market volatility. The company’s play could mark a turning point in how public companies handle their balances and position themselves in front of the digital future.

With a strong support from his leadership and a clear vision of Ethereum, Bitmine It seems willing to redefine what a corporate treasury means in the era of decentralized finances.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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