The world's largest Ethereum reserve company Bitmine just dropped a bombshell - last week it swept up 96,798 ETH, pouring 272 million dollars into the market.

After this operation, Bitmine's ETH treasury has expanded to 3,726,499 coins. Based on the current market price, the company's Ethereum holdings alone are worth tens of billions of dollars.

Why are institutions hoarding coins so crazily? Have they sensed some signal? The market's long-term expectations for ETH are clearly still heating up.

ETH2.99%

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SandwichVictim

· 23h ago

This move, tsk tsk, the institutions are ruthless --- $272 million dumped in at once, this is well-prepared --- Just asking, how many are still brave enough to buy the dip now --- Hoarding so much ETH, they must be betting on Ethereum's future --- The institutions are so fierce, and the retail investors are still watching? --- Billions in holdings... how immense must that pressure be --- It seems the market makers have already seen this coming, what are we still hesitating about --- 37.26 million ETH, did I read that right? This is heading towards monopoly --- They spent $272 million, and we're still saying "too expensive"... --- The signals are so clear, how can there still be short positions --- If it weren't for this move by the institutions, I really wouldn't have imagined ETH could be played like this

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DataChief

· 12-01 23:37

Wow, this operation is too aggressive... 272 million dollars just got dumped, what are they betting on? Wait, is this data real? Over 37 million ETH? I need to verify it. While institutions are madly hoarding coins, retail investors are still cutting losses, it's hilarious. Is ETH really going to da moon this time? Or is it going to get trapped again? Bitmine's move feels like they're preparing for a big market. Billions of dollars in holdings... if this gets liquidated, it would be disastrous. Why does this news feel a bit exaggerated, or am I just too inexperienced?

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GasFeeCrier

· 12-01 17:53

Wow, 272 million dropped in at once, this pace is a bit intense. Institutions are all buying the dip, while us retail investors are still watching the rises and falls. Bitmine's move... really seems like they are betting that ETH is going to da moon. 96,798 pieces, how long do we have to hold this to recoup investment... Large Investors are so crazy, it really shows that someone is seeing something.

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SchrodingersFOMO

· 12-01 17:46

Damn, this rhythm is off, institutions are hoarding like crazy, and where are we retail investors?

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GasWaster

· 12-01 17:42

Holy shit, 3.7 million ETH? This is going to unilaterally monopolize the entire ecosystem!

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