币姥爷
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Crazy! Hundreds of billions of Ethereum buying funds are on the way
August 13, 2025
It's so crazy that when I expressed some concerns about Ethereum's recent rapid rise yesterday, it continued to break through the high-level consolidation range in the early morning, with an increase of about 7% in 20 hours. From the perspective of major players, the air force with over 20 times leverage has already fallen and has evolved into fuel for the bulls. Last night's surge was mainly due to a significant announcement from BMNR. On August 12, BMNR submitted documents to the SEC, expanding its stock offering plan from $4.5 billion to $24.5 billion, with an additional $20 billion authorized entirely for purchasing Ethereum. Based on BMNR's past operations, it has financed over $2 billion and $4.5 billion through two phases of ATM, and it has almost completely converted them into Ethereum. Therefore, it can be imagined that once the third phase of $20 billion arrives, it will quickly be converted into Ethereum.
It's so crazy that when I expressed some concerns about Ethereum's recent rapid rise yesterday, it continued to break through the high-level consolidation range in the early morning, with an increase of about 7% in 20 hours. From the perspective of major players, the air force with over 20 times leverage has already fallen and has evolved into fuel for the bulls. Last night's surge was mainly due to a significant announcement from BMNR. On August 12, BMNR submitted documents to the SEC, expanding its stock offering plan from $4.5 billion to $24.5 billion, with an additional $20 billion authorized entirely for purchasing Ethereum. Based on BMNR's past operations, it has financed over $2 billion and $4.5 billion through two phases of ATM, and it has almost completely converted them into Ethereum. Therefore, it can be imagined that once the third phase of $20 billion arrives, it will quickly be converted into Ethereum.
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ETH
4,742.53
+2.63%