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Big Buyers Double Down on Ethereum Despite Price Drop
Hero Portfolio
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Major investors are increasing their exposure to Ethereum even as the asset dips nearly 3% this week. BitMine Immersion Technologies has led the charge, purchasing 67,886 ETH ($201M) following a prior acquisition of 29,462 ETH. Last week alone, BitMine added 98,852 ETH, pushing its total holdings above 4 million ETH.The firm’s average entry price of $2,991 suggests they are unfazed by recent price swings, signaling strong long-term conviction among institutional buyers.
