For years, Bitcoin was the default choice for institutions wanting crypto exposure. But the recent crypto news indicates that the focus has started to shift.
Today, the smart money is moving into new bets, especially Ethereum and Solana. From ETF inflows to treasury allocations and staking strategies, institutional crypto buying is clearly evolving.
And it’s not just about price; it’s about utility, scalability, and future-proof value.
Crypto News: Ethereum Is Becoming the New Treasury Favorite
BitMine Immersion Technologies, a public company focused on crypto treasury management, has made a bold move.
In just the last seven days, BitMine bought 266,119 ETH worth around $970 million. This brings their total Ethereum holdings to 566,776 ETH, valued at over $2 billion.
Bitmine Increasing ETH exposure- Source: Lookonchain, X
This isn’t just any crypto bet; it’s part of BitMine’s larger strategy to hold Ethereum as a primary treasury asset. It is similar to how com
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