Bitmain Buy $600M for ETH, Boost Their Holdings to 1.3M ETH
Di Nasdaq listed miner wey dey call Bitmain don buy institutional ETH of 135,135 coins—about $600 million—within 10 hours using FalconX, Galaxy Digital and BitGo. This latest ETH buy don push their total Ethereum holdings to 1.297 million ETH (about $5.77 billion). This ETH purchase show say institutional crypto investors dey grow beyond Bitcoin as firms dey diversify into Ethereum smart-contract ecosystem before network upgrades and DeFi expansion. On-chain analytics company EmberCN na im first raise alarm for this transaction on X. Bitmain expanded holdings dey signal say dem get strong confidence for Ethereum long-term value, e dey give traders bullish sign wey fit make market interest rise more.
Bullish
Bitmain dem $600 million ETH buy na sha na strong sign say institutions trust Ethereum for future. Like how companies dem like MicroStrategy and Tesla buy big BTC before, dis kain move fit reduce supply and ginger price to go up. For short time, dis kain serious accumulation fit hold ETH price well, plus for long time, e show Ethereum value for company treasury dem. With upcoming protocol upgrade and DeFi grow, demand wey institutions dem dey increase go likely push ETH market trend to jaga up steadily.