According to on-chain data, an address related to Bitmine has purchased $15 million worth of Ethereum (ETH) in the last 60 minutes. This transaction brings the current ETH holdings of that address to $73.2 million.

It is worth noting that multiple token wallets under Bitmine hold a total of over $5 billion in ETH. It is reported that the organization aims to increase its ETH holdings to $25 billion, which would account for about 5% of the total ETH supply.

The continuous accumulation of ETH by large investors has attracted market attention. This positive buying signal may indicate that the price of ETH has the potential to rise in the short term. However, investors should remain cautious and closely monitor market trends.

As institutional investors continue to increase their investment in ETH, this not only reflects their confidence in the Ethereum ecosystem but may also have a profound impact on the entire cryptocurrency market. In the future, how the price of ETH will evolve remains to be seen by market participants.