$ETH supply shock incoming?
BitMine just bought $65M worth of $ETH, and they didn’t even need a loan. This isn't just a big purchase; it’s a power move from a major institutional player taking direct control of a scarce asset. With exchange reserves at 3-year lows, the market is getting tighter by the day.
This aggressive cash-based accumulation by a corporate giant is a clear signal. They see the writing on the wall: Ethereum is becoming increasingly hard to acquire at scale, and they’re willing to pay a premium to secure their position.
* BitMine now controls over 1.5% of all ETH in circulation.
* The entire purchase was made with cash, no debt involved.
* This mega-buy comes as exchange reserves for ETH are drying up to multi-year lows.
While retail traders are busy flipping memecoins, the big money is quietly stacking a generational asset. This move is a huge vote of confidence for Ethereum's long-term value. I'm keeping an eye on this supply squeeze, because when big players hoard, it usually sets the stage for a massive rally.
