【Crypto World】Ethereum market remains sluggish, and the pressure on the holdings side is gradually becoming apparent. A mining company's stock price has fallen to $29.32, down 6.59%, mainly due to the increasing unrealized losses on Ethereum on its books. Interestingly, the company's chairman Tom Lee is continuing to add to his position at this critical juncture, investing $140 million to increase his Ethereum holdings, demonstrating a strong contrarian stance.
Institutional attitudes are also quite divided. Ark Invest has spent nearly $28 million this week on its increased holdings plan, including a $10.56 million investment in this mining company, indicating their optimistic outlook on the company's long-term prospects. However, analyst Samson Mow recently changed his stance, announcing a strategy shift to hold only Bitcoin in the future, completely dropping Ethereum from his portfolio.
Between these moves, institutional investors' attitude towards Ethereum is...