Ethereum Today News: Two major companies significantly increased their ETH holdings, with Bitmine's holdings exceeding $9 billion.

After the latest Producer Price Index (PPI) data released in the United States showed a significant cooling of inflation, the price of Ethereum (ETH) began to rise. At the same time, the two major Ethereum enterprises' treasuries globally—Bitmine Immersion and SharpLink Gaming—are reported to have significantly increased their holdings of ETH. This series of events has jointly driven the price of ETH, reflecting that macroeconomic data is becoming an important catalyst for the prices of encryption assets.

Bitmine Immersion Large Increase in Holdings, Total Position Exceeds 9 Billion USD

Bitmine Immersion, supported by renowned analyst Tom Lee, is continuously expanding its ETH reserves. According to a report from on-chain data platform Lookonchain, the company purchased 46,255 ETH on September 11, worth approximately $200.43 million. Including previous transactions, its total ETH holdings have reached 2,126,018 ETH, with a total value exceeding $9.27 billion, solidifying its position as the world's largest corporate holder of Ethereum.

Tom Lee's bullish prediction: Tom Lee has predicted that ETH will find support around $4,300. He believes that as Wall Street shifts to on-chain and artificial intelligence builds the token economy, Ethereum will enter a "super cycle."

Stock performance: The company's stock (BMNR) rose 2.24% to close at $45.60 on September 10, with a year-to-date increase of over 551%.

SharpLink Gaming plans to increase holdings, hinting at future purchases

The second largest Ethereum treasury company, SharpLink Gaming, is also signaling an increase in holdings. On-chain data shows that the company has transferred 379 million USDC to the encryption asset company Galaxy Digital, further transferring it to a cryptocurrency exchange. Although it has not yet been confirmed whether the purchase has been completed, similar on-chain trading behaviors in the past have typically been followed by large-scale purchases of ETH.

Repurchase plan: SharpLink Gaming's stock price fell 3.59% to $16.09 at the close on September 10. The company is also advancing a $1.5 billion stock buyback plan, having repurchased 939,000 shares of SBET stock at an average price of $15.98 per share.

Macroeconomic Data and Technical Analysis: Catalysts for Price Pump

Ethereum price has risen by more than 2% in the past 24 hours, currently trading at around $4,411. The main drivers of this surge come from two aspects:

Positive macroeconomic factors: The annual Producer Price Index (PPI) in the United States decreased from 3.3% to 2.6%, significantly lower than the market expectation of 3.3%. The notable cooling of inflation is usually interpreted by the market as a signal that the Federal Reserve may loosen monetary policy, thereby prompting a rise in the prices of risk assets such as cryptocurrencies.

Technical indicators are bullish: Analysts point out that the Bollinger Bands of ETH price are tightening, which usually indicates a significant volatility is about to occur. Meanwhile, analysts such as IncomeSharks indicate that the On-Balance Volume (OBV) of Ethereum is rising ahead of the price, which is a strong bullish signal.

Conclusion

The large-scale acquisitions by Bitmine Immersion and SharpLink Gaming are not merely isolated actions of two companies, but rather reflect a key trend in the increasingly mature encryption market: the deep integration of corporate treasury strategies with macroeconomic indicators. The purchasing decisions of these two companies are evidently driven by the optimism triggered by PPI data. This influx of funds, resulting from the interplay of macroeconomic data and corporate strategies, not only provides strong fundamental support for ETH prices but also further proves that Ethereum, as a legitimate and valuable corporate reserve asset, has its price trajectory closely linked to the global financial and economic environment.