Bitcoin Mining Bitmine Immersion Technologies bought over $ 2 billion in ether in just 16 days, recovering the lead among the multitude of newly created Ether tax companies.
Bitmine he said In a statement from Thursday that in the last 16 days he bought 566 776 ether (ETH) worth over $ 2.03 billion.
Tom Lee, the managing partner of the Fundstrat and the chairman of Bitmine, said that after the latest shopping madness, the company “is on the right track to achieve our goal of obtaining 5% of the overall supply of ETH”.
Aggressive Bitmine shopping signals the growing interest of the institution in Ethereum.
Strategic ether reserves can be seen Bitmine as the largest tax company of the ether, and then Gaming Sharplink with about 360 800 ETH and the Ethereum Foundation, which is listed as around 237 500 ETH.
Bitmine wants 5% of ether supply; Saylor has only 2.9% bitcoins
With the current supply of Ether, 5% of all ether corresponds to about 6 million ether, which costs about USD 22 billion at current prices.
The ether has no constant supply; It can boost or decrease on the basis of whether more ETH is burned than an edition (which would make it deflact).
If it succeeds, Bitmine will have a greater share in the ether than Michael Saylor, the strategy, currently has Bitcoin, i.e. 607 770 Bitcoins (BTC), which is 2.9% 21 million Bitcoin coins.
However, Saylor said that he would continue to accumulate bitcoins as a long -term tax resource.
Meanwhile, Bitmine has again reversed Sharplink as the largest owner of the corporate ether.
On Tuesday, Sharplink Gaming recorded the purchase of 79 949 ether, which increased $ 360,807 worth $ 1.3 billion at current market prices.
Get from the ether turnover
Both Bitmine and Sharplink Gaming saw that their shares prices pumped after the announcement of Ether’s tax plans.
Days after the announcement of plans to buy ether, Bitmine stocks (BMNR) He got crazy Over 3000% to the highest level of all time in the amount of USD 135 July 3.
Meanwhile, after the announcement of the Ether trading on May 27, the price of Sharplink Gaming (SBET) shares barbed 171% for trade $ 79.21.
Related: Cathie Wood sells Coinbase, Roblox is divided for ETH Toma Lee
Billions of ether in strategic reserves
According to strategic ether reserves, there are currently 2.31 million ether in 61 strategic reserves, which is 1.91% of total supply of $ 8.46 billion.
For comparison, bitbo data can be seen that 206 companies have over 3.4 million in bitcoins, which is worth over $ 408 billion and accounts for 16.5% of total supply.
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