$ETH BitMine Secures Another 15,427 ETH from Galaxy Digital 🚀
In the past 7–8 hours, BitMine (@BitMNR) has once again strengthened its Ethereum position by acquiring 15,427 ETH (≈ $68.98M) through Galaxy Digital’s OTC desk. The transfers were split across four large transactions, showing a methodical approach to accumulation. With this move, BitMine’s total Ethereum holdings have now reached an impressive 2,141,445 ETH, valued at nearly $9.57B.
This pattern reflects a deliberate and consistent strategy. Instead of deploying capital on open exchanges — which could trigger immediate price swings — BitMine continues to rely on OTC transactions. Such moves reduce direct market pressure while signaling confidence in Ethereum’s long-term value. This is less about speculation and more about building a strategic position in one of crypto’s most essential assets.
From a broader perspective, these flows highlight the enduring confidence institutions hold in Ethereum. Even as ETH trades close to local highs, whales like BitMine are doubling down. Their conviction lies in Ethereum’s role as the backbone of DeFi ecosystems, staking infrastructure, and future scaling solutions. Each transfer adds weight to the idea that institutional players see ETH not just as a token but as a foundation for the next phase of blockchain innovation.
👉 The big question: Could BitMine’s continued accumulation be the fuel for Ethereum’s next bullish wave? 📈