Bitmine's Nth time increasing position, institutions are hinting at ETH's confidence with real money

Institutional investors’ actions are often more convincing than their statements. According to the latest news, Bitmine has pledged an additional 57,600 ETH, worth over $176 million. This is no longer an isolated event but a sustained pattern. To date, Bitmine’s total staked ETH has reached 965,792 ETH, valued at approximately $29.7 billion. What does such continuous accumulation mean within the Ethereum ecosystem?

Signals Behind Continuous Accumulation by Institutions

From Single-Transaction Accumulation Perspective

Bitmine’s staking frequency is accelerating. According to relevant information, on January 6 alone, Bitmine conducted multiple staking operations, with the largest single transaction reaching 186,336 ETH (about $6.05 billion). This is not an isolated act but a planned, rhythmic, ongoing deployment. Such behavior usually indicates that institutions have a clear bullish outlook on the long-term trend.

Market Implications of Record-High Staking Scale

The total ETH staked has surpassed 35.5 million, accounting for 29% of the total supply. This means nearly one-third of ETH tokens are locked for the long term. Meanwhile, the number of ETH waiting in the staking queue has exceeded 118,600, while the withdrawal queue has already been cleared. This stark contrast indicates that no one is rushing to redeem ETH from staking; instead, a large amount of capital is queuing to enter.

“Divergence” from Price Trends

It is worth noting that during this accumulation phase, ETH’s short-term price performance has not been strong. Data shows ETH is currently priced at $3,079, down 2.96% in 24 hours. Yet, this has not stopped Bitmine from increasing its holdings. Institutions are adding to their positions during price pullbacks, which is a classic “contrarian” approach—they focus not on short-term fluctuations but on long-term value.

The Bullish and Bearish Shift Has Been Completed

Exhaustion of Selling Pressure

The clearing of the ETH withdrawal queue is a key signal. It indicates that investors who previously wanted to realize gains and reduce holdings have essentially completed their actions. In other words, the momentum for “dumping” has been exhausted.

Unprecedented Buying Willingness

Conversely, the number of ETH queued for entry continues to grow. This reflects increasing buying interest in the market. When selling pressure diminishes and buying willingness reaches an all-time high, it often signals the start of a new cycle.

Where Does the Institutional Confidence Come From?

Tom Lee’s Prediction Is Not Just Talk

Tom Lee, Chairman of Bitmine, recently stated that Ethereum’s long-term price could organically reach $250,000. Although this figure sounds bold, he also suggested increasing Bitmine’s authorized issuance from 500 million to 50 billion shares to prepare for stock splits. This shows he is not just optimistic verbally but is actively deploying resources.

Institutional Actions Lead the Market

Historical experience shows that changes in large institutions’ holdings often lead the market by 2-4 weeks. When major players like Bitmine continue to accumulate, it usually means they have identified something in the market that has not yet been fully priced in.

Points to Watch Moving Forward

Based on current information, several aspects deserve attention: first, whether Bitmine’s staking scale will continue to grow; second, whether Ethereum’s staking participation will further increase; third, how ETH prices will behave amid the shift in buying and selling forces.

Summary

Bitmine’s multiple rounds of accumulation are not accidental but a systematic bullish outlook on Ethereum’s long-term value. The clearing of the withdrawal queue and the increase in staking entries mark the completion of the shift in buying and selling forces. When institutions vote with real capital and express their views through continuous accumulation, it is often more convincing than any rhetoric. Short-term price fluctuations may continue, but the strategic direction of institutional deployment is already clear. For long-term participants, it is crucial to recognize this structural change rather than be misled by short-term volatility.