Enterprise-level whale snaps up $200 million worth of ETH in two days, aiming for a 5% portfolio allocation

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[Crypto World] Another whale frantically accumulating ETH has surfaced. BitMine Immersion Technologies, the world’s leading enterprise-level Ethereum player, has recently bought the dip during the market pullback, scooping up $199 million worth of ETH in the past two days.

Currently, the total value of Ethereum they hold has soared to $11.3 billion, accounting for 3.08% of the entire ETH circulating supply. More importantly, this is not their endgame—their ambition is reportedly to push their holding ratio to 5%.

Looking at their buying pattern, every time there’s a panic sell-off in the market, this whale steps in to accumulate. This buy-the-dip strategy either reflects extreme confidence in Ethereum’s long-term value or is a sign that they are gearing up for some big moves.

ETH5.98%
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StablecoinSkepticvip
· 11h ago
Hmm... it's the same old buy-the-dip strategy again. I guess they're really treating market panic as a bargain-hunting opportunity.
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NotSatoshivip
· 12-09 00:49
This whale is really aggressive, going straight for the ETH supply to reach a 5% holding target.
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LeekCuttervip
· 12-08 08:30
This move... going straight for 5%? They're not playing around, they're really betting on the future of ETH.
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LongTermDreamervip
· 12-08 08:30
Ha, it’s another round of buying the dip—I’ve seen this play out three times already... But this time, aiming for a 5% target is pretty ambitious. If institutions dare to do this, what does it mean? Either we’re all thinking about it wrong, or they really do know something. Anyway, I’m convinced—I’ll just hold for now. Sweeping up $200 million in just two days, that’s some serious firepower... How many years would it take us retail investors to save up that much salary, haha. This strategy of building positions on dips—if I look back in three years, I think this will turn out to be the smartest move. History always repeats itself; those who bought the bottom in the last bear market have made a killing. Honestly, I’m a bit envious, but it’s also a good thing—at least someone is proving with real action that Ethereum is still worth being bullish on. Being able to hold such a big position without wavering—that’s true conviction.
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TokenomicsTinfoilHatvip
· 12-08 08:29
You can tell by this pace that they’re accumulating. As soon as I saw that 5% figure, I knew a major event was coming. Don’t worry, everyone.
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GasFeeCriervip
· 12-08 08:24
Damn, this whale is buying the dip again, such a madman... Going straight for 5%? You have to be really bullish on ETH to do that.
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AllTalkLongTradervip
· 12-08 08:23
Bro, with this move, if the 5% target is real, it's definitely going to take off. $200 million gone in just two days—now that's true conviction. Every time it dips, they buy in. It's one thing to be bullish, but this kind of action clearly shows they know which way the wind is blowing. I'm betting $5 that there's a big event brewing behind the scenes.
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LiquidityHuntervip
· 12-08 08:18
3.08% to 5%, this incremental space is quite interesting. 199 million in two days, which averages out to a daily trading volume that matches the target liquidity gap... Wait, is there really no arbitrage opportunity at this buying pace? To push from 3% to 5%, about another 200 million needs to be absorbed. The key will be the timing of further accumulation and the spread. To put it simply, it's a bet on the pace of a crash—sweeping in on dips. These institutional players never care about cost. If they really manage to reach 5%, the market structure of ETH will undergo a qualitative change, and liquidity depth will inevitably be impacted.
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WhaleStalkervip
· 12-08 08:14
This whale is really something. Every time there's panic, they buy aggressively. I think the 5% target is looking unlikely.
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