BitMine just made a significant move in the ETH market, accumulating 24,266 Ethereum in a single transaction valued at approximately $75 million. This substantial institutional purchase signals notable confidence in ether's near-term outlook. Large-scale acquisitions like this often capture the attention of the broader crypto community, as they can influence market sentiment and trading patterns. The scale of this acquisition underscores ongoing institutional interest in maintaining substantial ETH positions.

ETH-2,74%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
LightningClickervip
· 9h ago
Institutions are entering the market so aggressively, is 7.5 billion still a small amount...
View OriginalReply0
DegenWhisperervip
· 16h ago
75 million USD投入,这节奏... institutions are starting to buy the dip.
View OriginalReply0
TrustlessMaximalistvip
· 01-13 21:22
Institutions' recent moves suggest they are really optimistic about Ethereum... Buying over 24K ETH at $75 each is quite a significant move.
View OriginalReply0
SmartContractWorkervip
· 01-13 16:17
75 million dollars invested, this round of BitMine is really promising, but if retail investors follow suit... they need to think it over.
View OriginalReply0
BearMarketBuyervip
· 01-12 20:01
Hey BitMine, with a move like this... investing 75 million dollars all at once, are they really optimistic or just bottom-fishing?
View OriginalReply0
LiquiditySurfervip
· 01-12 20:00
7.5 billion invested, is BitMine surfing or building walls? I can't quite understand the logic behind this capital efficiency.
View OriginalReply0
MeaninglessGweivip
· 01-12 19:57
Institution suddenly eats 24k ETH? Is this implying something...
View OriginalReply0
degenwhisperervip
· 01-12 19:56
75 million dollars in one bite, these institutions are really fearless.
View OriginalReply0
GasFeeTherapistvip
· 01-12 19:40
Taking a jab at the big players again, this time it's BitMine's turn to be cut for leek harvesting?
View OriginalReply0
PumpDoctrinevip
· 01-12 19:40
This move by the institution is quite significant. Spending 7.5 billion just to accumulate chips? I think this is just preparing for the next wave. Retail investors are still debating whether they can push to new highs, while the institutions have already quietly made a fortune.
View OriginalReply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)