According to industry sources, Bitmine has recently made a significant increase in its Ethereum (ETH) holdings, purchasing 9,613 ETH this time, with a total value of approximately $45 million. After this increase, Bitmine's ETH holdings have reached an astonishing 1.518 million, valued at as much as $7.2 billion based on current market prices.

It is worth noting that the average price at which Bitmine increased its holdings is around $4,744, coinciding with the new high of ETH prices. This move confirms the investment philosophy that 'buying high is the best way to catch the bottom.' Just last week, when ETH prices fell to around $4,000, many were mocking that Bitmine's cost price was about to be reached, and now ETH has set a new high again.

Analysts point out that institutional investors like Bitmine are likely to continue increasing their Holdings of ETH without considering selling. Their strategy seems to be to drive up asset prices through continuous accumulation. It is worth mentioning that these institutions, even if they need to cash out, do not have to sell ETH directly, but can achieve this by selling company stocks.

This investment model is considered a new approach that opens up the 'coin-stock concept' following the successful case of MicroStrategy. Industry insiders generally believe that more institutions may adopt similar 'strategic reserve' strategies in the future, further promoting the development of the cryptocurrency market. As institutional investors continue to increase their Holdings, the long-term trend of ETH is worth the market's ongoing attention.