2025-12-29 16:20:37

Last week, Ethereum experienced a wave of interesting data—BitMine, an institutional player, was very active during the market correction, adding another 44,463 ETH in a single move.

As of now, BitMine's total Ethereum holdings have reached 4.11 million ETH, with a market value easily exceeding $11.5 billion at current prices. How outrageous is this number? BitMine has long upgraded from being just a miner; now it actively accumulates in the secondary market. The large holdings generate substantial returns—staking these assets can produce hundreds of millions of dollars in node rewards annually.

Interestingly, amid the rising calls for Ethereum ETF approval, the aggressive buying behavior of firms like BitMine is widely interpreted within the industry as institutions rushing to get ahead. Such large-scale concentrated holdings indeed change the market's character, transforming Ethereum from a retail asset into a target for heavy institutional investment. More importantly, this "whale accumulation" behavior directly offsets retail panic selling and has become a key factor in preventing ETH prices from falling below support levels.

ETH-1,05%

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SillyWhale

· 8h ago

4.11 million ETH, are these institutions really going all out? BitMine's pace clearly indicates they're betting on ETF approval. Retail investors are still cutting losses, while giant whales are accumulating... truly impressive. Staking hundreds of millions of dollars every year, the returns are just too attractive. This is what you call exploiting information asymmetry. We're still debating whether to sell or hold, while they are already laying out the future.

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CodeAuditQueen

· 8h ago

4.11 million ETH stacked at a single address? How large would the smart contract need to be to manage it securely... Sorry, I have a professional habit, but seriously, this level of holdings truly changes the power structure on the chain.

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SerumSqueezer

· 8h ago

4.11 million ETH? Are they planning to take over the entire market? As retail investors, let's just wait and enjoy the benefits.

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GasFeeTherapist

· 8h ago

4.11 million ETH, how many years' worth of gas fees is that... BitMine is serious about this.

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WhaleSurfer

· 8h ago

This is really impressive, holding over four million ETH in hand, how can retail investors have any chance? BitMine's move is indeed brilliant; when the market panics, they sweep in—typical institutional chicanery to cut the leeks. How much would 4.11 million ETH be worth? Just staking yields alone for a year can amount to hundreds of millions; I, a small fish, can only sip the soup. They haven't even approved the ETF yet but are already rushing ahead; big players are indeed very perceptive, while retail investors are still hesitating over whether to buy. This is called information asymmetry—others knew early that the ETF was coming, while we are still bottom-fishing and dreaming.

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