BITMINE ACCELERATES ETH PURCHASE – CONFIDENT SIGNAL FROM BIG ORGANIZATIONS

BitMine of Tom Lee continues to show an unprecedented level of confidence in Ethereum. In just a few hours, the company has accumulated an additional 33,504 ETH (~112 million USD). In the past week, the total purchase has reached 138,452 ETH, marking the fastest accumulation rate ever for this organization.

With the new purchase, BitMine now holds over 3.86 million ETH – equivalent to 3.2% of the total circulating supply of ETH, officially becoming the largest ETH-holding organization in the world.

This context occurs just as the market is experiencing significant volatility, indicating that the “buy the dip” strategy of large funds has not changed at all.

Institutional capital continues to view ETH as a strategic asset in the next cycle: from ETH's role in staking, restaking, L2 to becoming a standard collateral asset in DeFi. As organizations hold long-term, free liquidity in the market is increasingly shrinking – setting the stage for subsequent growth phases.

BitMine calls this a “dip.” For them, a price drop is simply an opportunity.

$ETH remains the Crypto Queen #Ethereum #InstitutionalFlow