Deta -photographer, Pitcoin publicly circulated (BTC) The Mining Company added 373,000 Ether (Eth) The distinctive symbols of her wardrobe last week, which makes her holders the second largest encrypted currency in the world to 1.52 million icons worth $ 6.6 billion. The move comes at a time when the ethereum system has witnessed a renewed attention.
However, the price of BitMine has suffered as the company added more ETH to its wardrobe. According to To Google Finance, BitMine’s shares have decreased by 14.2 % since August 11, the same period during which the ether possessions were strengthened.
The head of Thomas Lee said in a statement that the company increased its ether possessions as “the founding investors have expressed their interest” in the ETH accumulation strategy. This strategy is known as “Chemistry from 5 %” in which a point image hopes to obtain 5 % of the circulating ETHEREUM supplies.
“BitMine has benefited from the company’s interest in the company, where Ethereum is seen as the place where Wall Street builds bank bars and pushing in the twenty -first century, and while artificial intelligence adopts the symbolic economy on ETHEREUM,” company spokeswoman Marce Simon told Cointelegraph.
According to For the Resident Tracking Ethreth Reserve, BitMine is the largest company holder of ETHER, controlling 1.3 % of the total supplies of the coin. Sharplink Gaming is the second fall, with a value of 729,000 eth about $ 3.2 billion. The ether machine comes in third with 345,000 ETH at a value of about $ 1.5 billion.
Over the past two months, BitMine and Sharplink Gaming have been racing To add the ether to their bonds. A point photo said on Friday that it plans to raise $ 24.5 billion by selling shares on the market to get more ether. Sharplink has completed the 389 million dollar capital to buy more.
Related to: Ether machine of up to $ 57 million in ETH; Miss Sharplink with the purchase of $ 43 million
ETHEREUM interest coincides with ETF flows, forecasting at the highest price
Ethereal Treasury companies are only a single investment vehicle that contributed to increasing the price of ETH Spot. The traded boxes have acquired the ether exchange (ETFS) See about $ 17 billion in trading volume Last week, according to the Bloomberg analyst ETP Eric, Shaunas.
The renewed interest in Ethereum has led to a new price prediction by Standard Bank Multindal: A price of $ 7500 for ETH in 2025Increasing from previous expectations of $ 4,000. The reason for predicting upward prices is two parts: increased institutional purchase and the adoption of Stablecoins due to American organizational clarity.
ETHEREUM-designed to improve user experience, introduce new resistance promotions for registration and increase data productivity for second layer transactions-affected the immediate price eth as well. Since the upgrade on May 7The ETH instant price increased from $ 1812 to its current price of $ 4,332, an increase of 139 %.
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