Public companies are increasingly amassing Ethereum, representing over 3% of total supply. BitMine leads the charge, raising 24.5 billion USD, alongside SharpLink Gaming and Coinbase, each with significant holdings.
A range of strategies including fundraising and direct investments are employed by these companies to secure ETH. SharpLink, for instance, is aggressively targeting a goal of 1 million ETH under the guidance of Ethereum co-founder Joe Lubin.
As firms transition their focus to Ethereum, market responses vary. Bit Digital is shifting from Bitcoin mining to ETH accumulation, reflecting broader industry trends and each firm’s unique strategy.
Leave a Reply