# BitMineAddsOver60KETHLastWeek

#BitmineAdds50,900ETHLastWeek 🚀 Bitmine Adds 50,900 ETH in One Week – Institutional Confidence in Ethereum Grows!
Last week, Bitmine made headlines by adding a massive 50,900 ETH to its crypto reserves. This significant accumulation underscores increasing institutional confidence in Ethereum and may hint at bullish trends in the market.
💡 Why This Matters:
Institutional Accumulation: Bitmine’s large-scale purchases indicate strong belief in Ethereum’s long-term growth potential.
Market Impact: Such a huge inflow can influence ETH liquidity and potentially price movements, drawing attention f

Support nearby can be purchased at a low price #当前行情抄底还是观望？ #加密市场反弹 #Bitmine上周增持5.09万枚ETH $BTC ‌$ETH ‌$SOL ‌

Last week, the company @fundstrat, owned by Tom Lee, purchased 50,928 ETH worth $98.6 million, and now holds 4,473,587 ETH, valued at approximately $8.66 billion, with an average cost of around ~$3,821 per Ethereum.
It currently owns 3.71% of all existing Ethereum — that is 4.47 million ETH tokens.
➤ Total assets: $9.9 billion in cryptocurrencies, cash, and investments
➤ 3.04 million Ethereum stacked, generating approximately ~$1 million per year
➤ Bought only 50,928 Ethereum last week during the dip
➤ Backed by Cathie Wood, ARK, Fundstrat, Pantera, Galaxy Digital, and more