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NEW
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Top asset management team helps you profit without hassle
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Smart Leverage
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Activity Center
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20 USDT
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On-chain data shows that the well-known institution Bitmine has recently made another large purchase of Ethereum. According to monitoring, the institution has added 118,944 ETH to its stake. Based on the current price, this operation amounts to approximately $352 million.
What is even more noteworthy is Bitmine's overall strategy — the total staked Ethereum has reached 461,504 ETH, with a total market value of about $1.37 billion. This indicates that the institution's confidence in the long-term value of Ethereum remains strong.
Another on-chain piece of information also confirms this trend. A recently created wallet received 32,938 ETH from a certain trading platform, valued at approximately $97.8 million. It is initially speculated that this wallet is also likely related to Bitmine. From individual transactions to cumulative scale, the institution's Ethereum allocation activities are frequent, reflecting a continued optimistic outlook on this mainstream asset in the current market.