{"id":21772,"date":"2025-03-06T10:37:08","date_gmt":"2025-03-06T08:37:08","guid":{"rendered":"https:\/\/forklog.com\/en\/bionexus-gene-lab-to-establish-ethereum-reserve\/"},"modified":"2025-03-06T10:37:08","modified_gmt":"2025-03-06T08:37:08","slug":"bionexus-gene-lab-to-establish-ethereum-reserve","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bionexus-gene-lab-to-establish-ethereum-reserve\/","title":{"rendered":"BioNexus Gene Lab to Establish Ethereum Reserve"},"content":{"rendered":"<p>The board of directors of Nasdaq-listed technology firm BioNexus Gene Lab (BGLC)<a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/03\/05\/3037582\/0\/en\/BioNexus-Gene-Lab-Corp-Announces-Board-Approval-of-Ethereum-Treasury-Strategy-and-Release-of-Strategic-Whitepaper.html\"> has approved<\/a> the addition of Ethereum as a strategic treasury asset.<\/p>\n<p>In the presented<a href=\"https:\/\/www.bionexusgenelab.com\/ethstrategy.\"> Ethereum Strategy Whitepaper<\/a>, the management justified their choice with the following factors:<\/p>\n<ul class=\"wp-block-list\">\n<li>institutional reliability: adoption among financial institutions and ETFs;<\/li>\n<li>yield generation opportunities: Proof-of-Stake;<\/li>\n<li>dominance in financial infrastructure: \u201ctrillions of dollars\u201d in annual stablecoin transactions;<\/li>\n<li>long-term scalability: planned upgrades like <a href=\"https:\/\/u1f987.com\/en\/news\/pectra-steering-ethereum-toward-scale-and-mass-adoption\">Pectra<\/a>.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBy including Ethereum in the corporate treasury, BGLC embraces the future of financial infrastructure,\u201d<\/em> stated its CEO Sam Tan.<\/p>\n<\/blockquote>\n<p>The initiative was made possible by Wyoming&#8217;s regulatory framework, which allows for the holding of digital assets. The company has chosen this region for its headquarters.<\/p>\n<p>BioNexus Gene Lab is evaluating further integration of blockchain technology into its technological operations.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe are confident that this strategy will enhance BGLC&#8217;s financial resilience and attract forward-thinking investors who recognize the transformational potential of Ethereum,\u201d<\/em> the press release stated.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\"><strong>On-chain Picture<\/strong><\/h2>\n<p>CryptoQuant noted that the MVRV metric has reached a zone of significant undervaluation, falling below 1.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">ETH MVRV: Reaching a Highly Undervalued Zone<\/p>\n<p>\u201cWhen MVRV falls below 1, it signals entry into an undervalued zone in the cycle, indicating an opportunity to buy at a level close to the average purchase price of all holders (including whale investors).\u201d \u2013 By <a href=\"https:\/\/twitter.com\/MAC_D46035?ref_src=twsrc%5Etfw\">@MAC_D46035<\/a> <a href=\"https:\/\/t.co\/urj348TZng\">pic.twitter.com\/urj348TZng<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1897290249379962977?ref_src=twsrc%5Etfw\">March 5, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThis indicates an opportunity to open a long position at a level close to the average purchase price of all holders (including whales),\u201d<\/em> specialists explained.<\/p>\n<\/blockquote>\n<p>CryptoQuant CEO Ki Young Ju wryly noted that the second-largest cryptocurrency behaves like a stablecoin, maintaining its value over the past four years.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;$ETH is a stablecoin,&#8221; says CryptoQuant\u2019s CEO, pointing to Ethereum\u2019s consistent price of $3,160 since 2021.<a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CRYPTO?src=hash&#038;ref_src=twsrc%5Etfw\">#CRYPTO<\/a> <a href=\"https:\/\/t.co\/5iSY3anuQr\">pic.twitter.com\/5iSY3anuQr<\/a><\/p>\n<p>\u2014 EHL?? (@i_amehl) <a href=\"https:\/\/twitter.com\/i_amehl\/status\/1879242691927818719?ref_src=twsrc%5Etfw\">January 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Previously, experts<a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-whales-profits-plunge-to-bear-market-levels\"> observed<\/a> a decline in Ethereum whales&#8217; profits to bear market levels.<\/p>\n<p>CryptoRank<a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-faces-death-cross-as-bearish-signals-emerge\"> noted<\/a> the impact of <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-announces-major-leadership-changes-at-the-ethereum-foundation\">controversies within EF<\/a> on the price of the second-largest cryptocurrency.<\/p>\n<p>Earlier, Fidelity specialists <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-calls-solana-a-serious-competitor-to-ethereum\">described<\/a> Solana as a \u201cserious competitor\u201d to Ethereum. A similar opinion was <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-analysts-highlight-ethereums-competitive-threats\">expressed<\/a> by JPMorgan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of directors of Nasdaq-listed technology firm BioNexus Gene Lab (BGLC) has approved the addition of Ethereum as a strategic treasury asset. In the presented Ethereum Strategy Whitepaper, the management justified their choice with the following factors: institutional reliability: adoption among financial institutions and ETFs; yield generation opportunities: Proof-of-Stake; dominance in financial infrastructure: \u201ctrillions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1211],"class_list":["post-21772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21772"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21771"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}