A major institutional player has made another significant move in the Ethereum market. BitMine just added 86,400 ETH to its holdings, representing approximately $266.3 million in capital deployment. This continued accumulation pattern suggests sustained confidence in Ethereum's long-term value proposition. The persistent buying pressure from large holders like this often signals institutional conviction during market cycles. For traders monitoring whale activity, such substantial positions can indicate potential support levels and market direction signals. The scale of these transactions underscores how major players continue positioning themselves in Ethereum despite broader market volatility.