Indeed, BMNR disclosed data tonight, and taking advantage of this ETH pullback, purchases have accelerated!!

From last week's 1.15 million to 1.52 million, which means approximately 370,000 ETH have been bought from the market over the past week, worth about 1.58 billion USD.

Eastern old ETH whales, profit-taking institutions, and early miners are exiting, while Western Wall Street representatives like MicroStrategy and other institutions are continuously acquiring in the market.

Currently, about 5-6% of ETH is held by institutional public companies, compared to 12% for Bitcoin, which is still too low.

This is akin to last year's Bitcoin, on the eve of being changed to institutional holdings. If you don't know how exaggerated this accelerated purchasing is, you can take a look at the chart below.