$ETH Please Share
ETH
3,405.8
+1.16%
BitMine Immersion Technologies, the largest corporate Ether holder, bought $199 million worth of ETH over two days, bringing their total to $11.3 billion (3.08% of supply). This contrasts with other traders, who are betting on a short-term ETH price drop with net short positions, and weak demand for Ethereum ETFs. BitMine's continued accumulation suggests strong long-term conviction in Ethereum. They also have $882 million in cash reserves for further ETH accumulation.
