Company disclosures revealed that Bitmine Immmension Technologies bought 9,926 Ethers again, amounting to approximately US$ 19 million, raising the cumulative hold hold to 5,815,164 ETH. This part of the table is about $11 billion in Chinese, which is closer to its target of holding 5 per cent of its traffic.

Warehousing accounts for about 4.8 per cent of traffic

On Monday Bitmine indicated that the company's treasury currently held approximately $11.4 billion in encrypted assets, cash and other assets, of which the Taifung was a core asset. At the current level of circulation of approximately 120.7 million ETH, the share of Bitmine hold is about 4.8 per cent.

Tom Lee, Chairman of the Board, stated that the company had completed approximately 96 per cent of its 5 per cent target. Bitmine has continued to build since the launch 14 months ago of the weekly ETH Treasury strategy.

Over 506,000 ETH pledged

In addition to the spot hold, Bitmine pledged 5,067,309 ETHs through its MAVAN certifier network, with a corresponding value of approximately $9.6 billion. The data show that companies are not only expanding their position in the treasury but are also participating in the validation of their business with the Taifung network.

In addition to ETH, Bitmine holds 210 bitcoins valued at approximately $13.4 million, and approximately $78 million in cash and securities, as well as equity investments in Best Industries and Eightco Holdings.

I've been buying for months.

Bitmine bought ETH almost every week after the strategy was launched last summer. In April of this year, the company bought two large purchases of about US$ 235 million each, including 10,000 ETHs directly purchased from the Etherwood Foundation, which also pushed its total hold to over 5 million.

Since then, the company has continued to hold some $214 million in ETH during its market fall in June and another $49 million in July. At the beginning of August, the percentage of its hold in circulation remained at approximately 4.8 per cent.

Tom Lee talks about ETH judgment.

The company's disclosure also quoted Tom Lee's observation that the ETH relative bitcoin price ratio had broken the long downward trend over the past few years. In his view, the market had begun to place greater emphasis on the role of monetization and proxy AI applications as a driving force for the Taipei, and the financial environment could also support encrypted assets if it continued to be relaxed.

Additional information:Original mentioned that the ETH had increased by about 1.4 per cent that day and the price had returned above US$1,900.