BMNR has become the world's largest ETH reserve company in just 35 days, currently holding approximately 833,137 ETH, valued at nearly $2.97 billion. Their goal is to acquire 5% of ETH's circulating supply.

Behind this, former chairman of Legg Mason Capital, legendary investor Bill Miller, has become a shareholder of BMNR, further confirming the strong interest of large institutions in ETH. Just as he invested in MicroStrategy's shift to a Bitcoin strategy back in the day, this time he is targeting Ethereum, which will undoubtedly affect market sentiment.

Currently, the ETH market is experiencing a new wave of institutional FOMO: trading is active, with daily trading volume reaching $1.6 billion, ETH exchange reserves have dropped to a 9-year low, and ETFs continue to absorb large amounts of ETH.

Statistics show that ETH ETFs have absorbed 1.6 million ETH, while only 72,000 ETH were newly issued during the same period, and this supply-demand imbalance could lead to substantial price shocks. Although Wall Street is heavily shorting ETH, more institutions are quietly accumulating at low prices.

This clearly indicates that ETH's position as a strategic asset is becoming increasingly prominent. Institutional buying enthusiasm is high, and more companies will follow suit in the future. For us, holding onto our ETH is crucial; do not easily hand over chips to these institutions. Be wary of short-term fluctuations in the market, but keep an eye on the long-term trends of institutional positioning.