Bitmine just added 7,430 ETH to its already massive stash, now holding over 5.7 million ETH—nearly 5% of all Ether—and their total crypto, cash, and investments hit $11.5 billion. They even bought back 5 million of their own shares. Meanwhile, MicroStrategy paused Bitcoin buying for two straight weeks, instead raising cash by selling stock, now sitting on $3.2 billion in reserves. Robinhood’s new Ethereum-based network, Robinhood Chain, drew $141 million in bridged ETH in just two weeks, reigniting debate: does institutional adoption of Ethereum’s scaling tech actually boost ETH demand—or just fuel layer-two revenue? Analysts split, with some seeing this as proof of Ethereum’s growing ecosystem, others questioning if ETH truly benefits from this shift.
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