🚀 BitMine Shoots in the Market and Plans Mega Purchase of Ethereum
#ETH4500Next? 🚨 #ETHTreasuryStrategy
BitMine Immersion Technologies is ready to take the game to the next level in the crypto market, with aggressive plans to expand its stock sale program and fund a new wave of purchases of Ethereum (ETH) and Bitcoin.
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📊 Key Highlights
• Funding Goal: up to $24.5 billion — an impressive leap from the $2 billion announced in July and the $4.5 billion revised later.
• Treasury Record: now with 1.15 million ETH (about $5 billion), after adding 317,000 ETH in just one week.
• Comparison with MicroStrategy: President Tom Lee believes the market is experiencing an “Ethereum MicroStrategy” moment, driven by:
• Favorable regulatory changes
• Increased on-chain institutional adoption
• Growing integration of stablecoins
• ETH Price: up 5.4% in the last 24 hours, reaching $4,405, the highest level since 2021.
• BitMine Stock: appreciation of nearly 15% on Monday, with also an increase in pre-market.
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🏦 Other Major Holders of ETH
• SharpLink: ~599,000 ETH
• The Ether Machine: ~345,000 ETH
📈 Projections
According to Standard Chartered, treasury companies may control up to 10% of the entire supply of Ethereum in the future.
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💡 Summary: BitMine's move reinforces corporate appetite for ETH, signaling that the next big institutional run may already be underway.
