BitMine Immersion Technologies revealed that the company continued to grow last week, with new purchases of over $73 million. According to the company ' s latest calibre, its ETH stock has risen to 574,2237, estimated at close to $10 billion in paper prices, representing more than 4.7 per cent of the supply in the Taifung.

The silo continues to expand.

According to the company, there were 487,79157 ETH for pledge, approximately 85 per cent of the total hold. According to the current arrangements, annualized pledge revenues are expected to reach $235 million. For a listed company with a Taifung bank, pledge proceeds have become an important part of the operation of its assets.

At the same time, it is mentioned that ETH has increased by more than 10 per cent over the past week, with the most recent price of approximately $1752, but still about 65 per cent below its historical high of $4946. In the context of the upturn in prices, BitMine ' s hold-up scale and book value increased simultaneously.

The company mentioned regulatory expectations.

In his statement, Tom Lee, Chairman of the company, stated that investor expectations for the future of the United States Clarity Act had improved in the near future. According to the Polymarket data quoted in the text, the probability of passing the Act during the year as early as Monday was about 48 per cent, an increase of 4 percentage points over a week ago, but still below the level of about 82 per cent in February this year.

Tom Lee believes that it may be easier to access day-to-day financial and application scenes if controls are clearer and encrypted assets, especially smart contracting platforms such as Taifung. Companies have thus emphasized the direct relevance of their Taifung Treasury strategy to changes in the policy environment.

Compared with Bitcoin Treasury

It also compares Bitmine with Bitcoin Treasury Strategy. According to the paper, Strategy had recently sold approximately $216 million bitcoin to pay for dividends obligations, while Bitmine had continued to expand its ETH holdout during the same period.

Tom Lee also indicated that if the company were included in the Russell 1000 index, it was expected to attract more institutional investors to hold Bitmine in the form of shares. For such listed companies with encrypted assets as their core balance sheets, index inclusion is expected to affect their stock liquidity and institutional coverage.

  • ETH hold: 5742237
  • Pledged ETH: 4879157
  • Projected annual chemical pledge income: $235 million