Bitmine disclosed that a further 27,084 ETHs were purchased by the company last week, with the total holding stock rising to more than 5.7 million, representing approximately 4.7 per cent of the supply by company calibre. Tom Lee, Chairman of the Board, stated that the company was still advancing its 2026 target of holding about 5 per cent of the volume of traffic in the Taifeng.

The silo continues to expand.

According to the Company ' s bulletin of 29 June, Bitmine currently holds an ETH correspondence base of approximately 120.7 million. In this caliber, the company's 5% distance is closer to the target.

The bulletin also indicated that Bitmine had already committed nearly 4.9 million ETHs to pledge, accounting for about 85 per cent of its treasury. These assets are estimated at approximately $7.7 billion at current prices.

  • Last week: 27,084 ETH
  • Current total hold: over 5.7 million ETH
  • Pledges: approximately 85 per cent

The pledge income is at the heart of the vault.

Tom Lee states that the company expects annual pledge revenues to be approximately $211 million. Bitmine also states that the corresponding annualized pledge rate for the last seven days is approximately 2.75 per cent.

With the expansion of holding, Bitmine has become one of the largest Etherwood Treasury companies in the open market. The market is also keeping a constant eye on wallets and pledge movements along their chains, as this not only reflects the pace of buy-in, but also means that the connection between company performance and ETH price volatility is increasing.

There is also an external concern that, if treasury companies continue to absorb ETH in circulation, market-tradable supply may tighten; but if future firms finance through the issuance, increase or sale of assets, concentration can also magnify volatility.

Include the Russell index of 1000

Bitmine also indicated that the company had been included in the Russell 1000 index after the annual index adjustment. Tom Lee argued that this change could bring more institutional shareholders to the company and broaden its investor base in the open market.

For the recent weakness of the encryption market, Tom Lee argues that the pressure on sales is more like a late-season position adjustment than a change in the long-term outlook for the Taifeng. He also mentioned that the roll-out of Ethlabs and the decline in the British Central Bank ' s attitude towards the stabilization currency were seen by companies as contributing to the ecological progress of the Taifung.

Prices remain critical.

It is also mentioned that ETH is still in the vicinity of $1,510. The technical graphics cited in the original version show that the market is still watching whether this position will continue to provide support.

However, this part of the price judgement is mainly derived from technical analysis descriptions. As far as the news backbone is concerned, the market is more concerned with the continued growth of the Bitmine hold, the increase in the size of the pledged income and the possible institutional financial concerns that may arise when it enters the main stock index.

Additional information:Bitmine had also previously disclosed that its BMNP priority share-Red arrangement was linked to the size of the company's treasury and pledge income, indicating that pledge proceeds had been incorporated into the company's capital strategy.