Mentioned:
There’s another publicly traded company accumulating more Ethereum. And they’re one of the largest chip manufacturers for mining cryptocurrencies.
What’s happening:
- Intchains Group (NASDAQ: ICG) has purchased more Ethereum to hold directly as an asset
By the numbers:
- Intchains Group has purchased roughly 915 Ethereum for $2.9M USD
- Intchains Group is now holding more than 5000 Ethereum, which makes them one of the largest holders of Ethereum amongst publicly listed companies
Why it matters:
- Intchains Group is one of the largest providers of ASIC chips for mining a variety of different cryptocurrencies, including Kaspa and Litecoin
Going deeper:
- Ethereum has continued to find more and more adoption in the traditional public markets, with American pension funds beginning to buy spot Ethereum ETFs for the first time ever and the London Stock Exchange officially beginning to list Ethereum Exchange Traded Products
