Haciyev Reşit 
Institutional investor interest in the cryptocurrency market is rising again. According to analysts, Bitmine purchased 44,463 ETH last week, worth approximately $130 million. This move is seen as an important sign that Ethereum continues to be regarded by institutional investors as a long-term store of value.
What Does Bitmine’s Ethereum Purchase Mean?
This acquisition in the crypto market demonstrates that Bitmine is continuing its strategic approach toward Ethereum. Institutional investors are viewing Ethereum not only in terms of short-term price movements, but also as a tool for balance sheet diversification and long-term value storage.
Purchases of this scale also serve as an important signal for overall market dynamics. Especially under conditions of limited supply and strong demand, institutional activity can create upward pressure on prices.
Statement From Experts
Market experts commented on Bitmine’s recent acquisition. According to them:
“Bitmine purchased an additional 44,463 ETH last week and now holds a total of 4,110,525 ETH (approximately $12.02 billion). This shows that institutional demand for Ethereum remains strong.”
Experts note that this statement indicates Bitmine is continuing its Ethereum investments as part of a long-term strategy and is not influenced by short-term price fluctuations.
How Did the Market React?
Bitmine’s move is considered a confidence-boosting development for the Ethereum market. Continued Ethereum purchases by institutional investors are viewed as a positive signal in terms of price stability and market confidence. Analysts suggest that increased accumulation by large companies could further support Ethereum’s institutional adoption and long-term value.
Bitmine’s purchase of 44,463 ETH (around $130 million) last week clearly demonstrates that institutional interest in Ethereum remains strong. With total holdings of 4,110,525 ETH, Bitmine once again highlights Ethereum’s growing acceptance as a long-term store of value. Looking ahead, an increase in institutional buying could play a decisive role in shaping Ethereum’s price performance and overall market perception.