Bionexus Gene Lab becomes the first company that lies in Nasdaq to prioritize Ethereum in the treasure strategy

Bionexus Gene Lab (BGLC) has adopted a treasure strategy centered on Ethereum, becoming the first company that quotes Nasdaq to prioritize ETH.

The company has not disseminated the exact percentage for its assignment of Ethereum, but the measure follows the leading inclusion of Altcoin in the “Crypto Strategic Reserve” of the United States.

BGLC ETHHEREUM

BGLC has published its Ethereum Strategy Whitepaper, which details the advantages of ETH as an asset of financial infrastructure. The approach also focuses on the role of Ethereum in Stablecoin settlements, decentralized finances (defi) and its potential as a corporate treasure asset.

The document sheds light on the institutional adoption of Ethereum, the rethinking rewards and the next updates that increase its long -term value and its corporate utility.

The decision of the Board was promoted by Ethereum’s growing credibility among financial institutions, their test generation capacities (POS) and their domain in Stablecoin transactions. The upcoming updates of the Ethereum protocol, such as the update of sicking, are expected to improve its efficiency and adoption.

In addition, the friendly regulations with the Wyoming block chain seem to have influenced the BGLC strategy, according to the Press release. As a company incorporated with Wyoming, BGLC benefits from the progressive legal framework of the State that supports digital assets, including the recent Wyoming Stable Token Law.

In an official statement, the company’s CEO, Sam Tan, said:

“When integrating Ethereum into our corporate treasure, Bionexus genes Lab Corp. is adopting the future of financial infrastructure. Ethereum offers high liquidity, utility and stability compared to other digital assets, positioning BGLC as leader in corporate finances integrated in blockchain. Wyoming’s regulatory leadership validates our decision even more, since it encourages an environment where Blockchain companies can prosper. “

Ethereum “undervalued”

President Donald Trump made a shocking announcement to add Ethereum XRP, Solana and Cardano to a national cryptography reserve together with Bitcoin. After a brief rally, the prices of the chips collapsed. Ethereum, for one, immersed himself at $ 2,032, his lowest level in 16 months before organizing a recovery.

The recent market recession has pushed the alternative to an undervalued area, according to the market value of the value ratio (MVRV), which fell below 1. Cryptoquant explained That, historically, such levels have marked strong purchase opportunities, often preceding significant price trends.

Other data in the chain show an increase in ETH accumulation addresses, wallets that ETH without withdrawing, suggesting that institutional investors are actively acquiring at these low price levels.

Meanwhile, the price of whale investors is concentrated around $ 2.2 to $ 2.3K, which acts as a critical support level in which the purchase pressure can counteract more decreases.