Just yesterday, we talked about it, and today there are even more "treasury" stocks appearing.
1. Today’s biggest one, CEA Industries, which raised $500 million in private financing, will become the largest $BNB treasury company.
2. Upexi also raised $500 million to implement a $SOL treasury strategy.
3. Mill City Ventures announced $450 million in private financing for a $SUI holding strategy.
4. Immutable Holdings announced it holds over 48 million $HBAR.
The new round of public chain elimination matches has begun again with the new high price of $BNB.
I still believe there are some public chains with great opportunities.
But can this kind of play still have new tricks?
Let’s continue to look further.
In the face of the explosive buying of ETH reserves, the selling pressure from Sun has no impact 🤯
$ETH quietly returned to 3800 last night... this morning it surged to 3900!
Moreover, this wave of increase seems to be discussed far less than the previous one.
Previously, on July 23, Sun withdrew $600 million worth of ETH from Aave.
However, on the morning of July 27 at 10 AM, news broke that Sun transferred 60K $ETH from Binance again (worth $225 million).
In the past, these signals could immediately affect market confidence. In fact, last week $ETH did experience a pullback, dropping to a low of 3502. Yesterday, the buying volume of ETH was actually quite considerable, with several institutions collectively purchasing around 250,000 $ETH.
The total amount of ETH reserves and ETFs currently held has reached 6.73%, which actually exceeds the current holdings of BTC ETFs.
MicroStrategy currently holds about 607K BTC, valued at $73 billion, which only accounts for 2.894% of the overall BTC market cap.
In terms of accumulation speed and the potential to drive on-chain activity in the future, the narrative of ETH reserves is more stimulating to the overall ecosystem than BTC, which can currently only influence coin prices. I believe that if ETH does this well, it will actually radiate to other chains, including $SOL, $SUI, $HYPE, etc.
Additionally, it's worth mentioning that the trading volume of $ETH spot on Binance has basically exceeded that of BTC every day this week, showing no signs of weakening.
Today, the trading volume of $ETH spot once again far surpassed $BTC by 64%.
I believe this situation will continue to echo the claim that $ETH's price performance far exceeds that of $BTC this time.
The current trading volume is $2 billion, while the previous FOMO was around $4 billion.
I also observed that on July 26, ETH Strategy bought 4.2K $ETH in one go and directly conducted a token sale for $STRAT, causing quite a stir in the English-speaking community.
The official Twitter stated, "This purchase will benefit all presale STRAT holders, increasing the ETH value of each STRAT by 8.5%."
we're just started.
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