Institutions are continuously increasing their ETH positions — this signal is more effective than shilling.

Wu learned that Bitmine Immersion Technologies announced that it added 27,084 ETH last week, bringing its holdings to 5,700,040 ETH as of June 28, accounting for 4.7% of Ethereum's total supply (approximately 120.7 million). The company's total holdings in crypto assets, cash, and marketable securities are approximately $9.8 billion, including approximately $555 million in cash and marketable securities, 4.88M staked ETH, and 206 BTC.