6D
...
BitMine Immersion Technologies (BMNR) has reportedly acquired 23,823 ETH worth $103.7 million, according to on-chain data flagged by Lookonchain. The transfer came from a BitGo wallet, though BitMine has yet to confirm the purchase. Officially, the firm now holds 2.83 million ETH—valued at $12.4 billion—cementing its position as the largest Ethereum treasury and second only to Michael Saylor’s Bitcoin-focused Strategy.
The company, led by Fundstrat co-founder Tom Lee, has repeatedly emphasized its long-term goal of controlling 5% of Ethereum’s total supply. Despite the news, BMNR stock fell 1.5% Thursday to $59.10, while ETH itself slipped 1.4% to $4,384. The move highlights BitMine’s strategy of backing Ethereum as a cornerstone for future financial market services.
Polygon is simultaneously emerging as a hub for institutional tokenization and payments, with major firms such as Stripe, J.P. Morgan, Franklin Templeton, and Santander leveraging its low-cost, fast-settlement blockchain. With POL staking led by AMINA Bank, institutions are moving beyond passive exposure to active participation, signaling a deeper shift in traditional finance toward Web3 adoption.
