ETH breaks through 4300, institutions continue to increase their holdings in ETH, Bitmine is adding a net of 8,000 to 10,000 ETH daily!

On August 10th, Bitmine continued to increase the position in Ethereum, with a purchase amount reaching an astonishing 208,000 pieces. On the same day, SharoLink also continued to increase the position in Ether, purchasing 83,000 pieces.

This bull market is the discovery of ETH value.

Bitmine currently holds over 830,000 ETH in spot, accounting for 1% of the global total supply. While most institutions are still observing, it has become the world's largest ETH treasury company.

Recently, Bitmine's chairman Tom Lee stated in an interview that the company's treasury model is superior to traditional ETFs, and Ethereum will experience a Bitcoin-like explosive growth. There are several reasons why Ethereum is suitable as a treasury asset:

• First of all, if you are optimistic about the long-term value of Ether, the treasury strategy is more attractive than an ETF because you can continuously buy and hold for the long term.
• Secondly, Ethereum is based on Proof of Stake (PoS), allowing for native yields of over 3% through staking, essentially enabling these companies to have a stable source of income like infrastructure operators.
• Finally, scarcity is the key. Bitmine's goal is to hold 5% of the total supply of Ether. We have a very clean balance sheet, with a daily trading volume of 1.6 billion dollars, making it the 42nd most liquid stock in the U.S. stock market, comparable to Uber. However, our market capitalization is only 4 billion dollars, far below Uber's 184 billion.

Here, Tom Lee mentioned in an interview that ** Bitmine's goal is to hold 5% of the ETH supply. **

Tom stated: MicroStrategy's goal is to hold 1 million Bitcoins, which accounts for about 5% of the supply, and this is significant for the ecosystem on a strategic level. If the U.S. government wants to establish a Bitcoin reserve, direct market purchases would drive up the price, possibly pushing Bitcoin to $1 million. Moreover, MicroStrategy, which holds a large amount of BTC, has become an easier target for acquisition. The same logic applies for ETH.

Ethereum is currently the most compliant blockchain, meeting the infrastructure requirements of Wall Street and the government. As asset tokenization rises, the degree of financialization of ETH will continue to increase, just like gamers buying NVIDIA stocks; in the future, Wall Street will also have to hold ETH and ensure its staking compliance.

When asked about the valuation of this round of ETH, Tom Lee stated: Bitcoin has achieved a hundredfold increase. As a core asset in the era of financialization and AI, ETH may even have a larger future potential. The current value of ETH is severely underestimated. While comparing Bitcoin to "digital gold" and Ethereum to "digital oil" has reference value, one should not be confined to these models. ETH will become the infrastructure of the financialization and AI era, and Wall Street has only just begun to pay real attention to it; the current market price of ETH is far below its true potential.

Considering the continuous purchases by other treasury companies and macro factors such as the Federal Reserve's potential interest rate cuts, ETH has the opportunity to reach the range of $7,000 to $15,000 by the end of the year. Bitmine is currently adding a net of 8000 to 10,000 ETH daily. If this pace is maintained, we expect to achieve our 5% target within 1-2 years.