Blockchain giant BitMine Immersion Technologies (BMNR) submitted documents to the U.S. SEC on August 13, planning to purchase an additional $20 billion worth of Ethereum. If this plan is approved, its total available ETH purchasing funds will reach up to $24.5 billion (including the previous $4.56 billion), potentially holding nearly 5% of the global circulating ETH, significantly altering the market supply and demand dynamics.
This move marks a fundamental recognition shift of Ethereum's value by traditional capital. The rise of this 'public company crypto asset reserve' model is building a bridge between digital assets and traditional capital, promoting ETH's transformation into an institutional-level value storage tool.
