Chinese company Huajian Medical announced a new mechanism focused on Ethereum investments. It has acquired a significant amount of Ether and plans to expand its presence in the cryptocurrency space.
Huajian Medical's Ether Purchase
Huajian Medical announced the purchase of 5,190 Ether for HKD 149 million, averaging $3,661 per Ether. This purchase led to a profit of $1.8 million within a day as Ether's price surpassed $4,000. The company also stated its intention to add Ethereum worth $112 million.
Growing Interest in Ethereum Among Companies
Over the past few quarters, there has been a growing interest in purchasing Ethereum among companies. More than a dozen companies have disclosed their plans to boost investments in Ether, including BitMine Immersion Technologies, SharpLink Gaming, Bit Digital, and others. According to CoinGecko, the largest holder of Ether is Bitmine Immersion with 833,133 Ether.
Ethereum Price Overview and Vitalik Buterin's Holdings
Currently, the price of Ethereum stands at $4,235 with a 1.02% increase for the day. The Ether market capped at $511.49 billion, allowing it to surpass MasterCard in market capitalization. Vitalik Buterin, co-founder of Ethereum, has valued his Ether holdings at over $1 billion, once again making him a crypto billionaire.
Huajian Medical's investments in Ethereum underscore the growing interest of companies in cryptocurrencies. With rising Ethereum prices, significant amounts of Ether are concentrated in the hands of public companies, reflecting the increasing adoption of digital assets in traditional business.
