Major institutional investor BitMine executed a significant acquisition, purchasing $65.4 million worth of Ethereum in a recent transaction. The move brings their total Ethereum holdings to approximately $13.9 billion, underscoring continued institutional interest in the leading smart contract platform. This substantial position reflects ongoing institutional participation in the digital asset market amid evolving market conditions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
9
Repost
Share
Comment
0/400
AirdropHunterZhang
· 01-20 01:47
Hmm... 13.9 billion dollars worth of ETH, and I, a free rider, can't even get a tiny bit. The ones who quietly get rich are always these institutional brothers.
View OriginalReply0
ApeWithAPlan
· 01-19 02:48
Wow, ETH holdings worth 13.9 billion USD? This is going all in on Ethereum.
Big institutions move so aggressively, retail investors can only follow suit.
BitMine's move is really fierce, buying over 65 million in one go. Aren't they worried about crashing the price?
Institutions are buying, what does that mean? It just shows they still have confidence.
With so much ETH already, they keep adding to their positions. I'm jealous.
This is what you call long-term optimism, everyone. Retail investors, take notes.
View OriginalReply0
CascadingDipBuyer
· 01-17 09:00
The bottom-fishing fanatic is back again, BitMine's move this time is really aggressive.
View OriginalReply0
GweiWatcher
· 01-17 08:59
$65.4 million? The institutions are really bold with this move, ETH is feeling it.
View OriginalReply0
LidoStakeAddict
· 01-17 08:59
I'm still waiting for ETH to drop to two thousand, and now institutions are starting to buy aggressively again?
View OriginalReply0
GateUser-5854de8b
· 01-17 08:54
14 billion USD worth of ETH held? BitMine's move is really outrageous, how dare they throw so much money around
View OriginalReply0
LonelyAnchorman
· 01-17 08:46
ETH holdings worth 13.9 billion USD, this move... institutions are really placing their bets.
View OriginalReply0
GateUser-beba108d
· 01-17 08:41
$65.4 million worth of ETH bought, still increasing the position at this pace.
View OriginalReply0
MEVictim
· 01-17 08:38
$65.4 million to buy ETH, this guy really dares to spend money
Major institutional investor BitMine executed a significant acquisition, purchasing $65.4 million worth of Ethereum in a recent transaction. The move brings their total Ethereum holdings to approximately $13.9 billion, underscoring continued institutional interest in the leading smart contract platform. This substantial position reflects ongoing institutional participation in the digital asset market amid evolving market conditions.