Institutional pros are buying against the trend, BitMine's massive purchase of Ether ignites market speculation.

The recent price performance of Bitcoin and Ethereum has indeed made many retail investors anxious, with BTC hovering around $100,000 and ETH dropping to over $3,900. However, interestingly, while everyone is hesitating whether to cut losses, institutional investors are frantically buying.
BitMine's recent operations are simply astonishing; they purchased $2.5 billion worth of Ethereum in one go during the most panicked moments of the market. Even more outrageous is that just last week they bought over 200,000 ETH, bringing their total holdings to 3.3 million, which is approximately $13 billion at current prices. Their chairman, Tom Lee, also publicly stated that the risk-reward ratio of Ethereum is very enticing right now.
Strategy has not been idle either; they have increased their holdings by 168 Bitcoins, spending 18.8 million dollars, with an average cost of around 112,000 dollars. Now, Strategy's Bitcoin reserves have reached an astonishing 640,000 coins, with a market value close to 70 billion dollars. These pros are actually adding positions during market downturns, clearly focusing on long-term value and not caring about short-term fluctuations. #加密市场观察