Recently, on July 1, completed a $250 million private sale and announced that $ETH will be the main reserve asset, pushing the company to transform from a single mining business to diversified management. After the announcement, the stock price rose nearly 700% in a single day, and the market capitalization soared to $200 million, reflecting the market's optimistic expectations for mining companies' allocation strategy of ETH. The company also appointed a veteran Wall Street investor as chairman of the board to strengthen governance and introduce more institutional resources.

Innovatively adopting a dual-engine operation model, while maintaining cash flow from Mining, part of the funds is allocated to the ETH treasury, Staking, and DeFi sectors to balance short-term returns and long-term asset appreciation. The company has partnered with several professional institutions to provide custody and liquidity services, optimizing asset security and utilization efficiency, which not only reduces operational risks but also enhances capital return potential, exploring new growth paths for crypto mining. As the position of ETH in institutional asset allocation rises, BitMine's strategic transformation may become an important industry barometer.
#BitcoinMining # CryptoNews #ETH # Ethereum #DeFi # Staking