Tag: galaxy digital

BitMine Accumulates Over 207,000 ETH Amid Institutional Ethereum Buying Trend

The post BitMine Accumulates Over 207, 000 ETH Amid Institutional Ethereum Buying Trend appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → BitMine recently acquired 7, 660 ETH valued at around $29 million through Galaxy Digital, pushing its total Ethereum holdings beyond 207, 000 ETH. This move highlights ongoing institutional accumulation of Ethereum amid retail caution. BitMine’s latest Ethereum purchase totals 7, 660 ETH for $29. Institutional investors continue stacking Ethereum while retail traders lower year-end price targets to $5,000. Holdings now exceed 207, 000 ETH, aligning with BitMine’s goal to secure 5% of Ethereum’s total supply. Discover how BitMine’s $29M Ethereum purchase signals strong institutional confidence. Explore the Alchemy of 5% strategy and market trends in this in-depth analysis. Stay ahead in crypto investments today. What is BitMine’s Latest Ethereum Purchase? BitMine’s Ethereum purchase involves acquiring 7, 660 ETH worth approximately $29. 28 million through Galaxy Digital’s over-the-counter desk. This transaction, executed in two batches of about 3, 800 ETH each, reflects the firm’s commitment to long-term accumulation amid fluctuating market conditions. Data from Arkham Intelligence confirms the transfers, valuing the average price at $3,823 per ETH, which aligns closely with current trading levels between $3,800 and $3,900. COINOTAG recommends •.