Recently, the shareholder composition of BMNR (Ethereum version "MicroStrategy") has attracted widespread attention in the market, reflecting the institutionalization process of the Ethereum ecosystem.

As the largest shareholder, ARK Investment Company holds 5.47% of the shares, demonstrating strong confidence in the future development of BMNR and Ethereum. ARK's full support undoubtedly injects strong momentum into BMNR.

Following closely is the well-known Silicon Valley investment firm Founders Fund, with a shareholding ratio of 2.94%. This fund, which has previously invested in tech giants like SpaceX, Polymarket, and OpenAI, is now turning its attention to the cryptocurrency space, highlighting the recognition of blockchain technology by traditional tech capital.

The third largest shareholder Mozayyx holds a stake of 1.92%. As a registered investment advisor, Mozayyx's diversified investment strategy reflects the cautious attitude of traditional financial institutions towards crypto assets.

Tidal, as the fourth largest shareholder, holds 1.22% of the shares, and its ETF service background has brought the possibility of financial innovation to BMNR.

It is noteworthy that Tom Lee, the chairman of the BMNR board, personally holds 0.26% of the shares. Not only is he personally involved, but he also actively promotes the market narrative of Ethereum, demonstrating the management's confidence in the company's future.

The shareholder structure of BMNR brings together a diverse range of forces, from innovative investors to traditional financial institutions, marking the official entry of Ethereum into the stage of institutional layout. This diverse shareholder background not only provides BMNR with rich resources and experience but may also have far-reaching effects on the entire cryptocurrency market. With the continuous addition of institutional investors, the development of the Ethereum ecosystem may welcome new milestones.