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Major Shakeup in ETH Institutional Holdings: Bitmine Buys $174 Million, Surpasses BlackRock to Take the Top Spot

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[Crypto World] The institutional ETH holdings landscape is shifting! Bitmine, a subsidiary of Fundstrat, scooped up 63,123 ETH this week, pouring in $174 million. This move propelled their total holdings to 3.623 million ETH (worth $9.96 billion), overtaking BlackRock to become the top institutional ETH holder.

In contrast, BlackRock took the opposite approach today, selling 43,000 ETH for $119 million. They now hold 3.605 million ETH ($9.91 billion), slipping to second place. With these two giants taking opposing positions—one buying, one selling—the game is intriguing. What is Bitmine betting on? What insight does BlackRock have? The market divergence is now clearly reflected in their holdings.

ETH-2.2%
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GasFeeCriervip
· 2h ago
BlackRock dumping? Bitmine is picking up the slack, who can stop this momentum...
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GateUser-addcaaf7vip
· 14h ago
Why is BlackRock still selling? Is this wave really in panic...
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StableGeniusvip
· 14h ago
bitmine suddenly goes full send while blackrock's dumping... empirically speaking, this is exactly the kind of divergence that precedes massive volatility. let me explain why that matters
Reply0
RunWithRugsvip
· 15h ago
Black swans always tend to appear at times like this. Has BlackRock chickened out?
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WhaleWatchervip
· 15h ago
Bitmine's operation this time is incredible, surpassing BlackRock just with these 63k ETH, and the old black is still selling off...
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MEVHuntervip
· 15h ago
bitmine just yeeted into the top spot while blackrock's dumping... classic institutional whiplash. who's actually reading the mempool here tho
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