Crypto investment firm Bitmine has made a significant move by acquiring 7,660 Ether (ETH) from Galaxy Digital, signifying growing institutional confidence in the Ethereum ecosystem. This transaction follows Tom Lee’s public optimism about ETH’s long-term value and comes at a time of heightened institutional interest in cryptocurrency markets. 2. While Bitcoin has attracted most institutional capital recently, this purchase underlines that Ethereum is not being overlooked. Bitmine’s investment serves as a powerful statement of faith in Ethereum’s potential for future growth, with experts pointing to factors like DeFi expansion, the potential for ETF listings, and increased Layer 2 adoption.