I just noticed that BitMine Immersion Technologies has been accumulating ETH quite aggressively. They now have nearly 4.8 million ETH, which accounts for about 4% of the total supply. It was their strongest weekly purchase in months, so they are clearly very bullish on this.



The interesting thing is that the company is moving to the main board of the NYSE this Thursday. When you see major holders making moves like this just before an event of this magnitude, there's always some expectation in the air. The price of ETH is currently around $2.31K, although there has been some volatility in the last 24 hours.

It will be worth closely watching how this develops when they make the official announcement. These whale movements often precede important news.
ETH0.13%
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