Tom Lee’s Bitmine Immersion Technology added another 208,137 ETH to her crypto treasury last week, pushing the value of its holdings to more than $ 3 billion as Ether’s price moved on Monday.
The latest purchase pushed the total Bitmine hold on 833,137 Ether (Eth) According to In a statement on Monday, as it expanded the leadership of the Treasury Firm’s second largest largest company, Sharpink Gaming.
ETH rose 5.8% from the lowest to the lowest to the highest 24 -hour price price of $ 3,730 on Monday but since returning to $ 3,654, coingecko Data Shut up.
At the ETH price above the $ 3,700 level, Bitmine is the fourth largest crypto treasury company in the world, trailing approach, Mara Holdings and twenty-one capital. It has been only 35 days since the company announced the approach to the Treasury of Ethereum.
The firm was led by fundstrat investment official Tom Lee, and attracted financing from billions of investors Bill Miller III, Stanley Druckenmiller and CEO of Ark Invest Cathie Wood.
Strengthening institutional trust in ETH has become a major driver behind the Triple-Digit rally of ETH in the past three months, developing some distance to competitors like bitcoin (Btc) and Solana (Sol), which leads to the current bull cycle.
Bitmine continues to lead the ETH accumulation breed
Rapid accumulation caused a competitive race in the middle Ethereum Treasury Firms.
“Bitmine moved with lightning speed in pursuit of its’ alchemy ‘of ETH 5%’, which grows our ETH holders over 833,000 from zero 35 days ago,” Lee said, and added:
“We separated ourselves from the peers of the crypto treasury by the same speed of crypto NAV enlargement each part and by the high liquidity of our stock.”
Many competitors are in career
Sharplink holds the second largest Eth Stack with more than 438,200 coins, worth $ 1.61 billion, while The ether machine is third with 345,400 eth in its name after Working A $ 40 million purchase on Monday.
Related: Ether is not likely to break $ 3,800 without a stronger institutional demand
The Ethereum Foundation and Pulsechain sacs spin the top five to 232,600 ET and 166,300 et each, strategicethreserve Data Shut up.
Lee shared rare bullish market sentiment for August
Lee told CNBC that he hopes to increase market prices in August due to recent labor data that signed a softening work market, encouraging the Federal Reserve to pivot from tightening a more cooperative policy to prevent and stimulate housing.
“I think we’ll rally strong in August,” Lee said, adding standard and Poor’s 500 could go back all the time high over the next few weeks, and given the strong cries of the crypto market to the wider market, such an outcome was likely to push Ether and the Crypto market even higher.
Magazine: Ethereum’s Roadmap up to 10,000 TPS using ZK Tech: Guide to Dummies’
