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Last week, Bitmine purchased approximately 44,463 ETH (ETH) worth about $130 million. Following this move, the company's total ETH holdings reached 4,110,525 ETH, which amounts to a position valued at approximately $12 billion. Such significant institutional flows in the Ethereum market are considered one of the key signals influencing market dynamics. Especially, accumulation strategies of this scale reflect long-term investors' confidence in the market.