BitMine Immersion Technologies has acquired $98 million worth of Ethereum, purchasing 32,938 ETH on December 30. This strategic move comes as year-end tax selling creates buying opportunities, reinforcing BitMine's position as one of the largest institutional Ethereum holders with 4.07 million ETH valued at $12 billion. The acquisition signals strong institutional confidence in Ethereum's long-term potential.
The Tron price prediction for 2026 is gaining traction, with current trading around $0.28 and forecasts suggesting a rise to $0.35-$0.50, potentially reaching $0.65-$0.80 if DeFi and stablecoin adoption continue to grow. Meanwhile, DeepSnitch AI's presale has raised over $1 million, offering early buyers significant gains and promising advanced tools for market analysis.
Ethereum's current trading price is approximately $2,974, with BitMine's consistent weekly purchases over the past ten weeks highlighting a bullish outlook for 2026. This institutional activity is reminiscent of past market trends that led to significant altcoin rallies, suggesting a robust year ahead for Ethereum and the broader crypto market.
BitMine Acquires $98M in Ethereum Amid Year-End Market Dip
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