BitMine Ethereum Holdings Don Pass $2.9 Biliọn
BitMine (NYSE:BMNR) don yan disclose say their Ethereum holding don pass $2.9 billion now, wey mean say big institution dem dey put bet for the second biggest cryptocurrency. This kain money wey dem dey add show say BitMine get better tori for Ethereum long term value and say dem wan no just dey do Bitcoin mining alone. Traders fit see this as sign say more institution dey use ETH, and e fit make price rise short term plus make people believe more for Ethereum role for decentralized finance and smart contract things dem.
Bullish
BitMine big Ethereum accumulation dey show sey institutions dey get more confidence for ETH, e be like di last time big companies like MicroStrategy buy plenty Bitcoin. When big people hold more, e fit reduce supply, support price floor, and bring more people wey be institutions and normal buyers come join. For short time, e fit make price go up; for long time, e show sey Ethereum dey important as main asset for decentralized finance and fit cause steady demand.