Jeni learned: $BMNR increased its position by 208K $ETH on August 4, and then added another 317K $ETH on August 11, currently holding 1.2M $ETH, valued at approximately $5.3 billion, making it the largest strategic reserve holding of ETH.

Moreover, $BMNR plans to raise $20 billion in financing to increase its holdings of ETH, which truly indicates that institutions are entering the market; money is indeed endless.

In this round, $ETH has broken the 4000 mark, and these institutions have played a significant role.