Tom Lee’s Bitmine immersion technologies added another 208,137 ETH to their crypto Treasury in the last week, to more than $ 3 billion to the price of its holding as the price of Ether on Monday.
According to a statement on Monday, the latest procurement pushed Bittimine’s total holdings to 833,137 Ether (ETH), as it widen its edge over the second largest Ether Treasury firm, sharplink gaming.
Eth on Monday rose the lowest to 5.8% of its lowest 24-hour priced at $ 3,730, but has since fallen to $ 3,654, Koingco data show.
With the price of Eth above the level of $ 3,700, the Bitmine is the fourth largest crypto treasury firm in the world, strategy, Mara holdings and twenty -one capital. It has been only 35 days since the company announced its ethnium treasury strategy.
The firm is chaired by Fundstrat’s Chief Investment Officer, Tom Lee, and has attracted funding from billionaire investors Bill Miller III, Stanley Druknamillers and CEO of Arc Investment Cathy Wood.
Strengthening institutional confidence in Eth has been a major driver behind Eth’s triple-conten rally in the last three months, making some distance on competitors such as bitcoin (BTC) and solana (SOL), leading the current bull cycle.
Bitmine ETH dominates the accumulation race
Rapid accumulation has led to a competitive race among atom treasury firms.
Lee said, “Bitmine transferred ETH with electric speed in search of ‘5%of the 5%of 5%’, which is increasing our ath holdings with more than 833,000 to 833,000, 35 days ago,” Lee said: Lee said:
“We have separated ourselves among Crypto Treasury peers, which are both shared per Crypto NAV and the high liquidity of our stock.”
Many contestants are in race
Sharplink holds the second largest eth stack with over 438,200 coins, priced at $ 1.61 billion, while the eather machine is third with 345,400 ETH after a purchase of $ 40 million on Monday.
Connected: $ 3,800 is unlikely to break $ 3,800 without strong institutional demand
Ethereum Foundation and Pulsechain SAC 232,600 eth and out of the top five in 166,300 eth, stretchichareser data shows.
Lee shared rare rare market spirit for August
Lee told CNBC that he hoped to increase market prices in August due to recent labor data indicating a soft job market, the Federal Reserve would be encouraged to tighten a more adjustment policy and encourage to stimulate housing.
“I think we’re going to rally very strongly in August,” Lee said, adding 500 of the standard and the poor, can return to the highest level of all time over the next few weeks, and the Crypto will be highly highly highlighting the market of the market, with the possibility of such a result and crypto market.
magazine: ZK Tech: Roadmap of Ethereum for 10,000 TPS using Dummies’ guide
