On-chain data shows that the world's largest Ethereum holdings entity, BitMine Immersion Technologies, is making a strong push again, having purchased 6,678 Ether in a single transaction from a major custodian institution, with a transaction scale of approximately 19.63 million USD.

This has been BitMine's positive actions for several consecutive trading days. Previously, they made a significant push to increase their holdings when Ethereum fell below $2800, and their current holdings now exceed 3.3% of the global ETH supply, with total reserves surpassing 4 million coins.

Such large-scale continuous buying clearly reflects the underlying logic — institutions remain optimistic about the long-term prospects of Ethereum. Although the market is constantly fluctuating, the strategies of these leading holders are often worth paying attention to. Every move they make is a vote with real money, betting on the future of Ethereum.