In a massive crypto market development, U.S.-listed Bitmine Immersion has announced plans to raise up to $20 billion to acquire more Ethereum ($ETH )
. This unprecedented capital raise signals one of the most ambitious institutional accumulation strategies in Ethereum’s history.
If executed, the purchase could significantly impact market liquidity and price action, potentially accelerating Ethereum’s push toward new all-time highs. Traders and investors are now watching closely as details of the fundraising and acquisition timeline unfold.