Institutional confidence in crypto is heating up, and BitMine Immersion Technologies just made a bold statement.
According to Odaily, the company added 40,302 ETH to its treasury last week alone, significantly boosting its exposure to Ethereum during a critical market phase.
💼 BitMine’s current holdings at a glance:
🟣 4,243,338 ETH
🟠 192 BTC
💰 $682M in cash reserves
📊 $19M in Eightco Holdings equity
🏭 $200M in Beast Industries shares
This aggressive ETH accumulation signals long-term confidence in Ethereum’s role across DeFi and tokenization.
And on-chain finance, especially as institutions position ahead of the next market cycle.
📌 Why it matters
When companies with deep balance sheets increase crypto exposure during uncertainty, it often reflects strategic conviction rather than short-term speculation.
💭 Is this smart accumulation before the next breakout or just the beginning of a bigger institutional ETH trend?
Eyes on Ethereum 👀
#Ethereum #CryptoWhales #InstitutionalAdoption #BlockchainFinance