š§Ø BitMine buys more than 203,000 $ETH ā¦ and controls 2.7% of the Ethereum network!
š° Amid market volatility, BitMine Immersion Technologies executed one of the largest institutional purchases in Ethereum's history
more than 203,000 ETH worth nearly $780 million
to officially become the largest holder of Ethereum in the world
š While the price dropped below $3,800, investors chose to retreat
But BitMine saw the golden opportunity, describing it as "price dislocation"
and seized the moment to stack assetsā¦ with long-term confidence
š Now, BitMine owns more than 3.24 million ETH
equivalent to 2.7% of the total circulating supply
and plans to reach 5% by 2026
š This move gives it significant leverage in
network governance
votes of decentralized organizations
allocation decisions and technical updates
ā”ļø BitMine is not just stacking
but is preparing to launch Staking services
to generate passive income and contribute to network security
š With support from major investors like ARK Invest, Pantera, and Kraken
and an ambitious vision from Tom Lee who expects ETH to reach $10,000
BitMine is outlining the next phase of institutional Ethereum adoption
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