🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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At the end of June 2025, a publicly traded company named BitMineImmersion Technologies launched an Ethereum treasury plan, increasing its holdings by over 135,000 Ether in the past 10 hours, bringing the total holdings to over 1.3 million Ether. The company's chairman, Thomas Lee, publicly stated: "Our goal is to hold 5% of the world's Ether."
This is not an isolated case; from traditional gaming company SharpLink to investment institution BTCS, publicly listed companies are hoarding Ether at an unprecedented rate. Strategic ETH reserve data shows that as of August this year, the total amount of ETH held by institutions has reached 8.3% of the total supply, doubling from 3% in early April.
During the same period, the price of Ethereum soared from $1385 to $4788, with daily trading volume climbing to the range of $4.5 to $4.9 billion. Wall Street analysts began referring to ETH as "digital oil"—both the energy driving the blockchain economy and an indispensable strategic reserve in institutional asset allocation.