Crypto giant BitMine has made a bold move, acquiring $130 million worth of ETH during a market downturn. This strategic acquisition positions them as the world’s largest corporate Ethereum holder and sets the stage for their ambitious goal to accumulate 5% of the total Ethereum supply. The move follows BitMine’s recent pivot away from Bitcoin mining towards building a substantial Ethereum treasury. BitMine’s action highlights a growing trend: institutional investors are actively seeking diverse holdings within the cryptocurrency market, including Ethereum. This acquisition comes at a time when Ethereum prices have dipped but are experiencing significant month-on-month growth of 40%. Notably, BitMine’s transaction has not triggered any immediate impact on Bitcoin or other altcoins, emphasizing their strong liquidity position and strategic approach to navigating the dynamic cryptocurrency landscape.