## BitMine Pledged Over $1 Billion in ETH in Two Days: On-Chain Data Analysis
On-chain tracking data from Lookonchain shows a noteworthy phenomenon—digital asset management giant BitMine invested 342,560 ETH into the Ethereum ecosystem in just two days. Based on current market prices, this investment amounts to approximately $1 billion, highlighting the strong confidence of institutions in Ethereum's long-term value.
### Strategic Considerations Behind Large-Scale Institutional Deployment
Led by Tom Lee, head of the Fundstrat research team, BitMine previously disclosed that it holds over 4 mil
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