BitMine SharpLink Raise Billions to Boost Ether Holdings

BitMine SharpLink Raise Billions to Boost Ether Holdings


– BitMine seeks $24.5B via ATM stock offering to acquire 5% of total Ether supply, becoming the largest corporate holder.

– SharpLink raises $389M for Ether purchases, expanding holdings to 598,000 ETH valued at $2.64B alongside operational requireds.

– Ether price rises 21% weekly to $4,408, reflecting growing institutional adoption as secondary reserve asset.

– Analysts predict Ethereum-focutilized firms could accumulate up to 10% of total supply long-term, up from current 1%.

– Corporate Ether acquisitions highlight strategic shift in digital finance, with tokenization driving traditional finance interest.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *