Core Insights - Bitmine Immersion Technologies (BMNR) has acquired an additional 14,618 ETH, valued at approximately $44.34 million, amid increasing institutional interest in Ethereum [2][3][4] - The firm continues to buy the dip, capitalizing on the recent inflows into spot Ethereum ETFs, particularly from major players like BlackRock and Fidelity [5][6] - Bitmine Immersion now holds a total of 3.6 million ETH, representing 3% of the total Ethereum supply, with an enterprise value of $12.19 billion and total crypto holdings of $11.2 billion [4] Company Performance - BMNR stock closed at $31.74, reflecting a 9.79% increase, with an additional 3.65% rise in after-hours trading [7] - Institutional ownership of BMNR shares has surged from 10 million to 100 million shares within a month, indicating growing confidence among institutional investors [7] Market Trends - Ethereum's price is currently trading at $3,019, having increased nearly 15% over the past week, with a trading volume decline of 31% in the last 24 hours [8] - Analysts predict a potential breakout in Ethereum's price, with expectations of reaching the $3,300-$3,400 range if it closes the week above $3,000 [10]