⚪ Although Ethereum is still less traded than Bitcoin at the institutional level, 🔺 its transformation into what resembles a treasury currency for companies is beginning to take an unconventional turn 🔺, according to analyst "Miles Deutscher" 🔺, who cited data from "Blockworks". ✔️
⚪ Market data shows that the stocks of companies that hold Ethereum 🔻, led by BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET) 🔺, are witnessing a remarkable increase in trading volume, 🔺 sometimes surpassing traditional companies like MicroStrategy (MSTR) 🔻, known for its massive investments in Bitcoin. ✔️
⚪ According to "Google Finance" 🔺, the average daily trading volume of "BMNR" stocks is about 48 million shares, 🔺 which exceeds four times the trading of "MSTR" at 12 million. ✔️
⚪ According to "Fundstrat" 🔻, the average daily trading volume of "BitMine" stocks reached about $6.4 billion 🔺, making it the tenth most traded stock in the United States. ✔️
⚪ Since the announcement of Ethereum bonds in late June, 🔺 the shares of "BitMine" have surged by more than 1100% 🔺. It is now the largest holder of Ethereum bonds globally and the second largest digital asset bond company overall, 🔺 with a holding of 1.5 million ETH, 🔻 valued at approximately $6.5 billion according to "SER". ✔️
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