Mining giant Bitmine just made a significant investment in Ethereum (ETH), buying 77,055 ETH worth an estimated $319.77 million, according to Onchain Lens and reported by Wu Shuo. This addition brings their total Ethereum holdings to over 3.3 million ETH, valued at approximately $13.75 billion based on current market prices. The move signifies a further step in the growing trend of institutional investors piling into Ethereum. Bitmine’s activity comes as crypto markets stabilize following recent optimism surrounding US rate cuts and renewed positive sentiment. While the company hasn’t released their plans, experts note that large-scale ETH accumulation by exchanges and funds often precedes market bullishness.