A publicly traded company focused on Ethereum reserve strategies, BMNR, has made another move, continuing to increase its ETH holdings last week and solidifying its position as the world's largest "enterprise-level Ethereum reserve provider."



According to the latest data, BMNR added 24,266 ETH last week, bringing its total holdings to 4,167,768 ETH, accounting for 3.45% of the circulating supply of ETH. In other words, this company now controls a significant amount of ETH. Based on a price of $3,100 per ETH, their total assets (including crypto assets, cash, and strategic investments) have reached approximately $14 billion.

More interestingly, the company's chairman, Tom Lee, recently revealed an important signal—future token purchase pace may slow down. Why? The key reason is the upcoming shareholder vote this week. If shareholders do not agree to raise the company's authorized share limit, the company won't be able to continue financing ETH reserves through capital increases.

Tom Lee's exact words were: "We need to push forward with this increase plan as soon as possible. The current authorization of 500 million shares is nearly exhausted. Once used up, our rate of accumulating ETH will drop significantly."

The shareholders' meeting is scheduled for this Thursday in Las Vegas. According to company regulations, this proposal requires at least 50.1% of the issued shares to support it in order to pass. The entire development of this situation is worth watching.
ETH-0.73%
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GamefiHarvestervip
· 3h ago
If this shareholders' meeting doesn't pass... it would be so interesting haha
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RealYieldWizardvip
· 3h ago
$44 billion worth of ETH reserves, this is to lock in liquidity, gambler's mentality
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SchrodingersFOMOvip
· 3h ago
It's the same trick again, using equity dilution to stabilize the market? I think they're out of bullets.
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CryptoSourGrapevip
· 3h ago
Oh no, if I had known BMNR was so powerful, that would have been great. Now it's almost 4 million ETH, and my small position is really wasted.
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