Bitmine's Ethereum holdings just hit a significant milestone: over 4.1 million ETH tokens. Combined with their crypto and cash reserves, the total asset value has climbed to $13.2 billion. This stash reinforces the importance of major players accumulating Ethereum during current market cycles, sparking discussions about institutional conviction in the asset's long-term potential.
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.
21 Likes
Reward
21
6
Repost
Share
Comment
0/400
SybilSlayer
· 5h ago
41 million ETH? Damn, this move is huge. The signal that institutions are bottom-fishing couldn't be more obvious.
View OriginalReply0
WhaleWatcher
· 12-29 18:51
4.1M ETH? Is this guy really hoarding? The institutions' move this time is quite aggressive.
View OriginalReply0
GovernancePretender
· 12-29 18:49
4.1M ETH... That's quite a move, a bit scary, institutions are really placing their bets.
View OriginalReply0
ILCollector
· 12-29 18:34
4.1 million ETH? Is this telling us that it's time to buy the dip? Haha
View OriginalReply0
EntryPositionAnalyst
· 12-29 18:30
4.1M ETH... If I lose money on this trade, I might die laughing, but judging by the current situation, it definitely looks like a long-term gamble.
View OriginalReply0
BridgeNomad
· 12-29 18:26
4.1m eth sitting in wallets tho... that's a lot of counterparty risk if we're being real. where's the cold storage breakdown? seen this story before with luna.
Bitmine's Ethereum holdings just hit a significant milestone: over 4.1 million ETH tokens. Combined with their crypto and cash reserves, the total asset value has climbed to $13.2 billion. This stash reinforces the importance of major players accumulating Ethereum during current market cycles, sparking discussions about institutional conviction in the asset's long-term potential.