The 'cash ability' of the publicly listed company Bitmine in the US stock market continues. The company announced that it has once again increased its holdings by more than 190,000 ETH over the past week, bringing its total holdings to an astonishing 1.71 million, with the total value of crypto assets and cash reserves exceeding $8.82 billion.

This is no longer just a simple 'buy'; it's as if they are using a vacuum cleaner to suck away the circulating supply of ETH in the market. Bitmine's crazy accumulation perfectly explains why ETH has been able to ignore the fluctuations in the broader market recently and has shown a strong independent trend.

While ancient whales are changing their positions, publicly listed companies like Bitmine are also using Wall Street funds to buy crazily. The supply of ETH is being quickly locked up, laying a promising foundation for future price trends.