The Last Official Update by #Bitmine shows that they have 3,726,499 $ETH which make that 3.088% of the total #ETH supply but according to lookonchain today they may have acquired another 41,946 $ETH which forces the strategy of their goal to reach 5% of the total ETH supply .
I do not think that it is an early ETH supply , I guess it shows that they are beleiving in their strategy no matter the price like we saw that they have kept buying even during the price dip and also Tom Lee their CEO always defend the ethereum Blockchain and and speaks up for crypto in general and in his latest communication during the #BinanceBlockchainWeek he made a bold forecast of a $62K ETH in the future but also he argues Ethereum is becoming the settlement layer for global tokenization.
Also , the Fusaka upgrade, now live on mainnet. The update delivers a major boost to data availability and Layer-2 scaling—strengthening long-term fundamentals.
Allof the above are Bullish signs for ETH and shows that it will go higher in the future.
