#plasma $XPL
BitMine, the company led by financial expert Tom Lee, continues to expand in the Ethereum market by making significant purchases through Galaxy Digital, the well-known institutional arm in the market.
These moves come as part of a clear accumulation strategy over the past few weeks.
According to confirmed data and reports:
BitMine executed a massive deal involving 14,665 ETH with an estimated value exceeding 64 million dollars 🟣
The transactions were conducted through Galaxy Digital as an OTC broker to accumulate Ethereum away from the open market.
The transfers were monitored on-chain and confirmed by major crypto analytics and news sites.
What does this mean for the market?
The presence of institutions clearly moving towards Ethereum.
A positive signal regarding growth and long-term confidence.
Reinforcing the view of ETH as an important institutional asset alongside Bitcoin.
