链DeFi - Alpha投研

BitMine Immersion Technologies
Current reserves: holding approximately 566,776 ETH, valued at approximately $2.19 billion.
Future plans: Plans to purchase 5% of the total supply (approximately 6 million ETH) and support the purchase through continued financing.
SharpLink Gaming
Current reserves: 360,807 ETH held, valued at approximately $1.33 billion.
Current reserves: 360,807 ETH, worth approximately $1.33 billion.

Future plans: We plan to use the remaining $966 million of ATM funds to continue to increase our holdings and earn income through staking.
BitMine Immersion Technologies

BitMine Immersion Technologies is a Nasdaq-listed company focused on cryptocurrency mining and digital asset management. In July 2025, its ETH reserves were approximately 566,776, worth approximately $2.19 billion (according to CoinGecko data). Previous reports mentioned that it holds 300,657 ETH, worth approximately $1.04 billion, indicating that its holdings are growing rapidly. The company has made it clear that it plans to purchase 5% of the total supply, or approximately 6 million ETH, and has raised $250 million in private placements to support its ETH reserve strategy. Tom Lee, a well-known strategist at Fundstrat, is its chairman of the board, further highlighting its long-term commitment to ETH.

According to recent Wall Street analysis reports and market data from the last month (July 18 to August 18, 2025), the cryptocurrency market has shown a strong rebound, with total market cap rising from $3.7 trillion in July to over $4 trillion, mainly driven by ETH-led gains. The report is generally optimistic about ETH's long-term potential, considering its status as the infrastructure for the "digital asset internet" is attracting institutional capital, while BTC remains strong but performs relatively modestly compared to ETH. Below is a summary of key reports and data, categorized by institution or source, and using a table to highlight the comparative performance of BTC and ETH.