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ETH

Bitmain-Linked Addresses Add $158M in ETH — Institutional Accumulation May Support Price

I note that two addresses presumed to belong to the Nasdaq‑listed bitcoin miner Bitmain (BMNR) purchased 33,401 ETH (about $158M) today, according to Amber CN.

Those addresses are part of a group of 13 linked wallets that have accumulated roughly 379,000 ETH (about $1.8B) since August 4, indicating sustained institutional buying into Ethereum.

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Analysis

This is a meaningful sign of institutional diversification into ETH: the scale of purchases (today’s 33k ETH and ~379k ETH total) can reduce available supply and support medium‑term upward pressure on...

Recommendation

I recommend considering a buy exposure to ETH or buying on weakness while keeping position sizes moderate; monitor on‑chain attribution updates and any corporate disclosures for confirmation.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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