#eth treasury

[rwatimes]

SharpLink Gaming buys $46.7M in Ethereum, boosting its ETH treasury to over 202,000 coins.

SharpLink Gaming recently acquired about $46.7 million worth of Ethereum, adding 29,195.83 ETH to its holdings at an average price of $1,599.50 per coin. This purchase increases SharpLink's total Ethereum treasury to over 202,000 ETH, valued at roughly $342 million. The company treats Ethereum as a core treasury asset, aiming to benefit from staking rewards and potential long-term growth, reflecting a strategy similar to Michael Saylor's Bitcoin approach. While this exposes SharpLink to Ethereum's price volatility, it positions the company to capitalize on Ethereum's expanding role in decentralized finance and institutional adoption.

➤ SharpLink Gaming has acquired approximately $46.7 million worth of Ethereum, increasing its total ETH holdings to over 202,000 coins. ➤ The company views Ethereum as a core treasury asset, seeking to benefit from staking rewards and long-term growth, similar to corporate Bitcoin strategies. ➤ This move positions SharpLink to leverage Ethereum's growing role in DeFi and institutional adoption, despite exposure to price volatility.

[rwatimes]

Tom Lee: Investing in Blockchain Is Like Holding Real Estate — BitMine's Ethereum Strategy Explained

Tom Lee has once again placed Ethereum at the center of institutional crypto conversation. His latest comparison is simple but powerful: investing in blockchain

➤ Analyst Tom Lee compares blockchain investing to holding real estate, positioning Ethereum as crucial digital infrastructure for future finance. ➤ BitMine adopts an aggressive Ethereum strategy, aiming to hold 5% of ETH supply, staking most of it, and building validator infrastructure through MAVAN. ➤ The strategy highlights Ethereum's potential as a productive, infrastructure-like asset, attracting institutional interest but also carrying significant risks due to ETH price volatility.

[rwatimes]

Bit Digital Buys Ethereum worth $20M as Treasury Surpasses 158K ETH

➤ Bit Digital has acquired $20 million worth of Ethereum, increasing its treasury holdings to over 158,000 ETH. ➤ The company views Ethereum as foundational infrastructure for the future digital economy, aligning with its strategy in AI and high-performance computing. ➤ This move reflects a broader trend of institutional accumulation of Ethereum, driven by interest in staking rewards and tokenized finance, despite ongoing market volatility.

[rwatimes]

Bitmine lifts ether treasury to 5.28 million ETH as total holdings top $12 billion

Bitmine lifted its ether treasury to 5.28 million ETH, or 4.37% of supply, as total crypto and cash holdings reached $12.6 billion.

➤ Bitmine has increased its Ethereum treasury to 5.28 million ETH, representing 4.37% of the total supply and valued at approximately $11.6 billion. ➤ The company is actively staking a significant portion of its ETH holdings, generating substantial annualized revenue and aiming to reach 5% of the total ether supply by 2026. ➤ Beyond its ETH holdings, Bitmine maintains considerable cash reserves and diverse 'moonshot' investments, though its stock (BMNR) experienced a recent decline.

[bitcoinmasterhub]

BitMine Stock Surges After $250M Ether Treasury Raise; Thomas Lee Joins Board

BitMine Immersion Technologies (BMNR) has successfully raised $250 million through a private placement of common stock. The company intends to allocate these funds to establish an ether (ETH) treasury, positioning itself as a significant publicly traded holder of ETH upon the deal’s expected closure on July 3. Investors in this round included Founders Fund, Pantera Capital, Kraken, Galaxy…

BitMine Stock Surges After $250M Ether Treasury Raise; Thomas Lee Joins Board