BitMine just made waves by stacking another $150 million worth of ETH into their treasury. This Ethereum-focused treasury firm isn't messing around while DAT purchasing activity has basically flatlined.



What's interesting here? The timing. As DAT buyers seem to be sitting on their hands, BitMine's doubling down on Ethereum exposure. We're talking serious institutional-level accumulation when others are cooling off.

This kind of move from a treasury management player signals confidence in ETH's trajectory, especially when alternative token demand is showing fatigue. $150M isn't pocket change—it's a calculated bet on where smart money thinks the market's heading.

The contrast is sharp: DAT momentum stalling out while Ethereum treasury positions expand. Whether this marks a rotation or just strategic rebalancing, one thing's clear—some institutional players are loading up on ETH while the crowd watches from the sidelines.
ETH1.95%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)