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#BitMineBuys40KETH 💎 #BitMineBuys40KETH | Institutional Confidence Rising
While retail sentiment stayed cautious, major players were quietly accumulating. BitMine Immersion Technologies ($BMNR) has now officially disclosed the purchase of 40,613 ETH this week — a move that’s turning heads across the crypto space.
Why this matters:
🔹 Supply Concentration: With this acquisition, BitMine commands around 3.6% of Ethereum’s total supply, positioning itself as a key force within the ETH ecosystem rather than a passive holder.
🔹 Leadership Outlook: Chairman Tom Lee sees this phase as a high-conviction accumulation window, forecasting a sharp rebound for ETH by 2026, similar to historic deep-value zones seen in past cycles.
🔹 Balance Sheet Power: BitMine’s crypto treasury has now reached $10B, making it the largest Ethereum-focused treasury worldwide.
The takeaway?
Capital with long-term vision is placing decisive bets on Ethereum and the future of decentralized finance.
Are you positioned with the smart money — or still watching from the sidelines? 🚀
#Ethereum #ETHNews #InstitutionalCrypto