Cryptocurrency firm BitMine has significantly increased its ETH holdings, investing $220 million to acquire 52,475 ETH. This move signals a growing trend of institutional investors adopting ETH as part of their treasury strategies, following similar patterns seen with Bitcoin’s corporate adoption. BitMine’s investment, facilitated through OTC networks like Galaxy Digital and BitGo, represents significant investment in the largest cryptocurrency by market cap. 1,575,848 ETH now holds a substantial value of $6.6 billion, solidifying BitMine’s position as a major player in the crypto landscape. Institutional demand for ETH is driving a rise in prices, leading to market expectations shifting and highlighting significant interest from large financial players.