In just one week, nearly $400 million spent! The whale BitMine crazily increased its holdings by 130,000 ETH, and the chairman declared: the surge is just around the corner

I think Ethereum has been quite interesting lately. I heard that a company called BitMine bought over 138,000 ETH all at once last week, and they now hold nearly 3.865 million ETH in total. The company's chairman, Tom Lee, is particularly optimistic about this, believing that Ethereum's price is likely to rise in the coming months.

He mentioned several reasons: first, the Ethereum network has just completed an important upgrade, and transaction processing should be faster and more stable; second, the Federal Reserve's recent policies are also shifting, not only stopping the tightening of liquidity but also possibly continuing to lower interest rates, which is a loose signal for the entire market;

In addition, he believes that the impact of the market's dramatic fluctuations in October has gradually been digested, and now everyone can look more calmly at the intrinsic value of the projects themselves.

It is clear that they are not just talking; they are speeding up the pace of buying with real money. The increase this week is more than double the average level of the previous four weeks, and I think this really shows their strong confidence.

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