Bitmine continues its aggressive accumulation strategy, adding another 86,400 ETH (valued at approximately $266.3M) within the last 8 hours. This latest move brings their total staked position to 1,080,512 ETH, representing roughly $3.33 billion in committed capital.
The numbers paint a significant picture: Bitmine's current holdings now stand at 4.144 million ETH, commanding approximately 3.43% of Ethereum's total supply—a collective worth of $12.80 billion. Such sustained accumulation by major stakeholders underscores growing institutional confidence in Ethereum's value proposition, reflecting broader market sentiment shifts among significant players.
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.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
ContractSurrender
· 5m ago
Whales are疯狂扫货 again, this pace really can't be sustained
Bitmine is planning to all in on Ethereum? 86,400 in 8 hours without blinking, that kind of determination... I'm really panicking
Wait, is this data correct? 4.144 million ETH accounting for 3.43%? Can't figure it out, brother
Are institutions bottoming out or gambling on something? Honestly, I find the logic behind this move a bit hard to understand
This is true faith, we retail investors can only shiver and tremble
View OriginalReply0
WalletsWatcher
· 01-11 10:50
Whales are疯狂扫货 again, this pace is a bit scary
I knew it, this is true faith, spending money without hesitation
128 billion... this number is incredible, retail investors can only watch
View OriginalReply0
SellTheBounce
· 01-11 10:39
Whales are accumulating, indicating they are also unsure how high it can go later on.
This is actually the most dangerous time.
There are always lower points; don't rush to chase the highs.
The bagholders always appear during rebounds; history keeps repeating itself.
Institutional confidence is strong? Ha, how did it go the last time confidence was high?
View OriginalReply0
AlphaLeaker
· 01-11 10:24
Whales are疯狂 buying again, 260 million in 8 hours... This pace probably indicates that a major event is coming.
With such aggressive institutional moves, should retail investors buy the dip or keep waiting?
Bitmine's move really treats ETH like a bargain price.
Wait, 3.43% of the circulating supply is held by one entity, that's a significant risk.
Directly investing 260 million, aren't they afraid of causing a dump... or do they simply not care about short-term fluctuations?
Everyone says institutions are optimistic, but could they be reverse shorting us? However, with this holding size... there's no running away.
Ethereum Whale Activity Intensifies
Bitmine continues its aggressive accumulation strategy, adding another 86,400 ETH (valued at approximately $266.3M) within the last 8 hours. This latest move brings their total staked position to 1,080,512 ETH, representing roughly $3.33 billion in committed capital.
The numbers paint a significant picture: Bitmine's current holdings now stand at 4.144 million ETH, commanding approximately 3.43% of Ethereum's total supply—a collective worth of $12.80 billion. Such sustained accumulation by major stakeholders underscores growing institutional confidence in Ethereum's value proposition, reflecting broader market sentiment shifts among significant players.