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# ETHNews
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AngelEye
#BitMineBuys40KETH 💎 #BitMineBuys40KETH | Institutional Confidence Rising
While retail sentiment stayed cautious, major players were quietly accumulating. BitMine Immersion Technologies ($BMNR) has now officially disclosed the purchase of 40,613 ETH this week — a move that’s turning heads across the crypto space.
Why this matters:
🔹 Supply Concentration: With this acquisition, BitMine commands around 3.6% of Ethereum’s total supply, positioning itself as a key force within the ETH ecosystem rather than a passive holder.
🔹 Leadership Outlook: Chairman Tom Lee sees this phase as a high-convic
While retail sentiment stayed cautious, major players were quietly accumulating. BitMine Immersion Technologies ($BMNR) has now officially disclosed the purchase of 40,613 ETH this week — a move that’s turning heads across the crypto space.
Why this matters:
🔹 Supply Concentration: With this acquisition, BitMine commands around 3.6% of Ethereum’s total supply, positioning itself as a key force within the ETH ecosystem rather than a passive holder.
🔹 Leadership Outlook: Chairman Tom Lee sees this phase as a high-convic
ETH-2,67%
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