## Wall Street's Ethereum Bet: Why a Billion-Dollar Treasury Strategy Mirrors Bitcoin's 2017 Breakout
**Bitmine's Lightning-Fast Ethereum Accumulation Signals Institutional Conviction**
Within just 27 days of its July launch, Bitmine has amassed 833,000 Ethereum, representing nearly 1% of total supply—a pace that dwarfs traditional crypto treasury strategies. At current prices around $2.93K, this translates to approximately $2.44B in holdings. The company's acquisition speed reveals something striking: it's accumulating ETH at roughly 12 times the daily rate that MicroStrategy purchases Bitcoi
**Bitmine's Lightning-Fast Ethereum Accumulation Signals Institutional Conviction**
Within just 27 days of its July launch, Bitmine has amassed 833,000 Ethereum, representing nearly 1% of total supply—a pace that dwarfs traditional crypto treasury strategies. At current prices around $2.93K, this translates to approximately $2.44B in holdings. The company's acquisition speed reveals something striking: it's accumulating ETH at roughly 12 times the daily rate that MicroStrategy purchases Bitcoi