MarketPR
US-listed BitMine Immersion accelerated its Ethereum accumulation sharply last week, purchasing 126,971 $ETH — roughly triple the 26,497 ETH it added the prior week.
The buying surge pushed the company's total holdings to 5.54 million tokens, even as spot ETH exchange-traded funds recorded net outflows of $40.85 million and a widely tracked Fear Index fell to 9.
One Buyer, Opposite Direction The numbers frame an unusual split: a corporate treasury aggressively adding supply precisely when institutional ETF wrappers are losing it.
Spot ETH ETFs collectively shed $40.85 million during the same stretch, suggesting that some category of investor — the kind who buys through a brokerage account rather than a protocol — was reducing exposure.
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