Institutional investors are driving a significant surge in Ethereum (ETH) accumulation as Bitmine, a prominent entity in the crypto space, recently acquired an additional $22.43 million worth of ETH. This move follows SharpLink’s transfer of USDC to Galaxy Digital, further fueling anticipation for another substantial ETH purchase from the entity. 78,200 ETH were transferred into four newly created wallets within a short timeframe, signaling a robust and continued trend of institutional buying activity in the cryptocurrency market. This comes amid a broader trend where institutions are shifting their strategies to prioritize Ethereum over Bitcoin (BTC), as analysts predict ETH to yield greater returns than BTC during this bull cycle. Bitmine’s aggressive purchase strategy aims to achieve its goal of owning 5% of the total Ethereum supply, a clear indicator of its ambitious approach in the growing ETH market.