Tom Lee’s photo adds $ 800 million to Ethereum treasury star-news.press/wp
Tom Lee’s port photo confirmed the massive expansion of the encryption cabinet and the Ethereum treasury, which increased her cash possession by $ 2.2 billion in only one week. As part of this growth, a point of its reserves increased by more than 190,000 ETH (equal to $ 873 million) during the past week.
The Treasury is up to 8.8 billion dollars, and holds 1.71 million ethereum codes
The company issued the advertisement in a press release He said that its total assets increased by 32 % ($ 6.6 billion to 8.8 billion). This includes increasing the total ETHEREUM holdings from 1.52 million to 1.71 million.
This growth enhances a point image as the largest ETHEREUM wardrobe in the world as its ETH holders are higher than all other owners of companies in assets. The advertisement also revealed the increase in the use of ETHEREUM as an institutional investment.
Tom Lee, a bishop, said that the company gathered capital from institutional investors at an unprecedented pace for two consecutive weeks. The voltage was described as part of the BitMine strategy to get five percent of the total ETHEREM supplies. According to Lee, this accumulation reflects the company’s conviction that Ethereum will prove the future of global financing.
The company stated that the increasing interest of Wall Street in Blockchain, as well as developing the rapid speed of artificial intelligence, positively transforms ETHEREUM status within the financing industry. Lee compared today’s developments to transformational changes after the end of the Bretton Woods system in 1971, which redefined global markets.
BitMine shares have also become very liquid, trading an average of $ 2.8 billion per day. This is determined as one of the largest shares traded in the American markets based on the company’s high treasury growth strategy.
Institutional support was the main driving force behind the Ethereum’s ethereum’s bitMine, with Ark Invest, Founders Fund and Galaxy Digital Investing in the company. The company not only put itself as a mining company, but also as a cabinet commander that focuses on ETAREUM.
ETH decreases by 4 %, but the growth of the cabinet maintains the bull’s expectations alive
However, the Ethereum price is under severe sale of sale today. Eth fell by more than 4 % to $ 4585, which led to nearly $ 200 within 24 hours. Tradingview data showed a decrease from $ 4,720 before settling over $ 4560.
Despite the decrease, ethereum preserved long -term momentum. The code rose 23 % during the past month, 84 % in six months, and more than 1000 % over a five -year period. The withdrawal was due to the achievement of profits on strong marches, however the ETHEREUM cabinet by BitMine and others maintain a long -term trend strongly.
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Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)
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2025-08-25 12:26:00
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