Crypto mining giant Bitmine is increasing its commitment to Ethereum, announcing a plan to raise its investment offering to $20 billion. This substantial move aims to acquire even more ETH, fueling speculation of a potential new all-time high for the cryptocurrency. Bitmine’s investment strategy reflects growing institutional interest in the network’s DeFi and smart contract capabilities, particularly since Ethereum transitioned to proof-of-stake, resulting in improved transaction efficiency and higher staking yields. This strategic decision signals Bitmine’s belief in ETH’s long-term growth potential, enabling them to capitalize on price appreciation and staking rewards.