★Bitmine’s Ethereum Holdings Hits 4% Supply Milestone After 71,524 ETH Buy
"A major corporate player just significantly increased its Ethereum holdings, now owning 4% of the total supply. This shows strong institutional conviction in ETH, potentially signaling future price stability or growth as big money continues to accumulate."
The Big Coin Report Take
Bitmine, the second-largest crypto treasury, significantly increased its Ethereum holdings with a purchase of 71,524 ETH. This move pushed their total ETH ownership to 4% of the circulating supply, a notable milestone for the company. Such substantial accumulation by a major institutional player signals strong conviction in Ethereum's long-term value, potentially bolstering market sentiment for ETH and the broader altcoin space. Investors should watch for further institutional accumulation trends and how Ethereum's price reacts to this continued buying pressure, particularly if it holds crucial support levels.
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Bitmine ramps up Ether buys, pushes holdings toward 5% of total supplyCoinTelegraph18h ago