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Recently, BitMine ETH Treasury announced two significant milestone achievements one month after the implementation of its strategy. First, the number of Ethereum currently held by BMNR has reached 833,137, which is approximately 2.95 billion dollars based on the current market capitalization. This scale of Ethereum open interest has attracted widespread attention in the industry.
At the same time, well-known investor Bill Miller III publicly stated that he has significantly increased his holdings in BMNR. This move not only reflects institutional investors' confidence in BMNR but may also provide certain support for its stock price.
The large amount of Ethereum assets held by BMNR, coupled with the ongoing attention from institutional investors, may have a positive impact on its future development. This strategy not only demonstrates the company's deep layout in the cryptocurrency field but also reflects the gradual shift in the attitude of traditional financial institutions towards blockchain assets.
As the cryptocurrency market continues to mature, strategies like BitMine ETH Treasury may attract more follow. However, investors should also be aware of the high volatility of the cryptocurrency market and exercise caution when making investment decisions.