Bitmine, The Ether Machine and Sharplink reinforce their reservations to exceed 3 million eth
By Hannah Pérez
OLA of accumulation in Ethereum: Bitmine, The Ether Machine and Sharplink bought more tokens to strengthen their individual treasury. Now they have more than 3 million ETH for more than USD $ 13 billion.
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- Bitmine, The Ether Machine and Sharplink bought more to strengthen their Ethereum treasures.
- With 3.1 million ETH sets, they lead the world list of companies with the highest holdings of ETH.
- They acquired additional ETH in the midst of price correction, taking advantage of the fall.
- Ethereum treasury are booming and already jointly exceed USD $ 20 billion.
Three companies with strategies Treasury of cryptocurrency centered on Ethereum (ETH), have continued accumulating despite and just when the market is going through a price correction.
Bitmine Immersion Technologies, The Ether Machine and Sharplink Gaming They have announced separate new purchases of ETH, a movement that highlights the growing institutional confidence in the second largest cryptocurrency for market capitalization.
The shares not only raised their collective holdings above the 3 million ETH, currently more than USD $ 13 billion, but also indicate a broader trend of corporate adoption of cryptocurrencies as a value reserve.
Bitmine leads the greatest treasury eth
Bitminewhich lies its actions in Nasdaq and is led by Tom Lee, co -founder of Fundstrat Capitalstrengthened its position last week when it acquired 150,000 ETH, as reported by the company in a press release.
The most recent purchase raised the total holdings of Bitmine –that once focused on mining Bitcoin– at 1,866,974 ETH, valued at approximately USD $ 8.1 billion at current prices. With 623 million dollars in cash available for future purchases, Bitmine aspires to control 5% of ETH total supply, generating yields through the Staking.
Despite a 35% drop in the price of its shares since mid -August, coinciding with ETH retraction from its historical maximums, the company positions itself as the largest cryptocurrency treasury with ETH approach, only surpassed by firms focused on Bitcoin as Strategywhose holdings are currently valued at more than USD $ 69 billion.
“Ethereum represents a unique opportunity to diversify and generate sustainable value in a volatile market ”said Tom Lee in a message to investors, emphasizing the long -term vision of the company.
Ether Machine added 150,000 eth in August
For its partThe Ether Machinean emerging entity formed by the merger between Ether Reserve and Dynamix Corporationhas assured an investment of 150,000 ETH valued at 654 million dollars, courtesy of the defender of EthereumJeffrey Berns.
This addition raises the total holdings of Ethereum From the company to 495,362 ETH, with an approximate value of USD $ 2,140 million, and leaves 367 million dollars in pending capital for more acquisitions. The company, which plans to quote the next quarter in Nasdaq, will begin a third round of financing led by Citibankwith the aim of raising at least 500 million dollars.
“With this historical investment, Now we have almost 500,000 eth, What gives us unparalleled strength and credibility“Andrew Keys said, co -founder and president, in an X publication.
The Ether Machine It is now located as the third largest eth corporate holder between strategic treasury, behind Bitmine and Sharplinkaccording to data from Strategicethreserve.xyzas it emphasizes a long -term institutional treasury strategy with emphasis on staking yields (bet or participation).
Sharplink takes its holdings to 837,000 eth
Finally, Sharplink Gamingthe Minnesota -based firm chaired by Joseph Lubin, co -founder of Ethereum and CEO of Consensysreported the purchase of 39,008 ETH at an average price of $ 4,531, investing around 177 million dollars.
This transaction, financed largely by the USD $ 46.6 million of the shares of sale program, raises its holdings to 837,230 ETH, valued at about USD $ 3.6 billion. The company, which was adopted ETH as the main treasury asset in June, has accumulated in total 2,318 ETH in rewards of Staking Since then and maintains USD $ 71.6 million in cash for future expansions.
His “ETH concentration”It has increased 97% to 3.94, indicating an exposure equivalent to four dollars in ETH for each dollar in cash if the entire capital will be deployed. Lubin, through an advertisement in X, highlighted the firm’s commitment with Ethereum As a strategic reserve, consolidating Sharplink as the second public owner of ETH in the world.
Ethereum treasury booming
These acquisitions occur in a bearish context for the crypto market, with ETH falling about 0.5% in 24 hours to around $ 4,400, at the time of editing, at the time of editing, –almost 12% below its historical maximum of USD $ 4,950 conquered last month–; but they reflect a rapid growth trend in corporate cryptocurrency treasures.
According to the aforementioned data source, the treasures focused on ETH grew from around 9,000 million dollars at the beginning of August to more than 19,000 million at the end of the month. Analysts suggest that this accumulation could stabilize the price of ETH in the medium term, attracting more institutional investment and promoting the adoption of Staking as a source of passive income.
A total of 4.63 million eth valued at more than USD $ 20 billion –equivalent to almost 4% of the supply of Ethereum– 70 companies are concentratedaccording to the data.
With prominent figures such as Tom Lee, Jeffrey Berns and Joseph Lubin in front, these companies not only diversify their balances, but also drive the narrative of Ethereum as “digital oil “ In the economy Blockchain. Investors closely observe if this purchasing wave marks the start of a mass rotation towards ETH, potentially raising its value in the coming months.
Article written with the help of AI, edited by Diariobitcoin
Image generated with AI tool, under free use license
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