Bitcoin 
$110,896.21 The price maintains 111 thousand dollars after the US markets opened with a rise and it is a good day for altcoins. Yesterday, we mentioned that we could start the new week with such a picture and we had already received early signals of this. BitMine also shared its motivating new acquisition announcement today. Moreover, he has not yet reached his goal.
Ethereum Reserve Company
BitMine Immersion (BMNR) is a publicly traded company traded on US stock markets and started accumulating Ether this year. He has reaped great rewards from this and they believe that his strategy will further contribute to the growth of the company in the long term. The size of the company’s crypto-related assets (including cash on hand) reached $13.4 billion.
The company, with total ETH assets of 3.24 million, owns 2.7% of the ETH supply. Considering that his much-derided target when he started this journey was 5%, it’s impressive that he’s already halfway there. The company has $219 million in cash ready to buy ETH and 3.24 million ETH It has assets of $13.4 billion.
Moreover, purchases will continue to increase the amount of ETH per share. BMNR, the 33rd most traded stock in America, reached a volume of 2.1 billion dollars in the 5-day average. The company has backed by prominent figures such as ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee. 
$4,042.11He sees it as the basis of new finance.
Future of Ethereum
Tom Lee joined BitMine to head up this reserve strategy. Because of the GENIUS act and the SEC’s Project Crypto movement, Lee argues that we are in for something similar to the days of the gold standard transformation.
“Crypto market experienced one of the largest deleveraging events ever last week, which put downward pressure on ETH prices. Open interest for ETH remains at levels seen on June 30 of this year (ETH was $2,500). Considering the expected Super Cycle for Ethereum, this price reversal presents an attractive risk/return ratio. By purchasing 203,826 ETH last week, we increased our ETH assets to 3.24 million, i.e. ETH supply We increased it to 2.7%.
BitMine continues to attract capital from institutional investors due to the appeal of our high liquidity. BitMine and MSTR’s total trading volume share currently accounts for 88% of all global DAT trading volume. “We continue to lead our crypto treasury competitors with both our pace of growing crypto NAV per share and our stock’s high trading liquidity.”
