Bitmine, the largest Ethereum treasury firm, purchased 27,562 ETH last week worth about $75.2 million, continuing its steady accumulation since June 2025. Chairman Tom Lee highlighted that institutional investors remain underexposed to crypto, especially after favoring AI stocks earlier in 2026, and expects them to increase crypto holdings significantly in the last quarter of 2026. Bitmine now holds nearly 5% of Ethereum's total supply and has staked 85% of its holdings, generating substantial staking revenue. This trend suggests growing institutional interest in crypto driven by Ethereum's strong performance and the expanding role of blockchain and tokenization in AI.
Regarding Bitmine's recent Ethereum accumulation, here is Pluang's market snapshot as of Sep 21, 2026 19:56 WIB: Out of 50 major cryptocurrencies tradable on Pluang, 47 rose and 2 fell today. Notable movers include ONE (Harmony) at Rp79 with a 10.86% increase, LUNC (Terra Classic) at Rp0,992 up 10.63%, and COMP (Compound) at Rp399.540 with a 10.59% rise. The most notable figure is ONE's 10.86% gain.
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