The latest disclosure by Bitmine shows that the company, supported by Tom Lee, bought an additional 9,926 ETHs last week, approximately US$ 18.9 million in Chinese calibres. Upon completion of the purchase, the company increased its silos to 5,815,164, valued at about $11 billion, closer to its goal of holding 5 per cent of its traffic.
Approximately 4.8 per cent of the warehouse is in circulation
By article data, Bitmine currently holds approximately 4.8 per cent of the supply of the hawk, and the target of 5 per cent is approximately 226,000 ETH. Since the launch of the ETA Treasury strategy, the company has maintained its weekly growth, making it one of the largest institutions in the current period, the ETH Cumulative Plan.
According to the article, this strategy is not just a bet on ETH price increases. Bitmine places greater emphasis on the role of the Taifung in infrastructure in financial assets and in automated transactions on the chain, and therefore continues to integrate ETH into the configuration of company assets.
About 87 per cent of the hold is already used for pledge
The company disclosed that of the existing hold, approximately 5.07 million ETH had been pledged, or about 87 per cent of the total hold. This means that Bitmine is not simply holding on to appreciation, but is trying to turn large-scale treasury into a continuous source of income.
By company, the annual pledge incentive could amount to approximately $287 million on a full-scale basis and the annualized pledge income to about $250 million. In addition to fluctuations in the market value of ETH, pledge proceeds are becoming its second source of income.
- New purchases last week: 9,926 ETH
- Total holding size: 5,815,164 ETH
- Number of pledged: approximately 5.07 million ETH
Markets focus on price and chain dynamics.
The article also mentions that the continued buy-in of Bitmine is seen by some market participants as a sign of institutional confidence, but this does not mean that ETH prices will get stronger immediately. The market view cited in the paper suggests that ETH still requires further confirmation of the upward trend.
In addition to Bitmine, the chain monitoring account, Lokonchain, also mentioned that the address 0x8447 had recently purchased and pledged an additional 5,000 ETHs, increasing their cumulative holdholding to 10,657. At the same time, Ali Martinez claims that the number of new addresses for Taifung Day rose from 121,210 on 8 August to 212,560, indicating a recovery in chain participation.
Additional information:The original version contains more technical analysis of the ETH short-line price range, which has been compressed by the draft and only maintains information directly related to company holding, pledge and chain activities.