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$138,000,000 IN ETH. LOCKED AWAYS. OFF THE MARKET.
BitMine just disclosed a corporate treasury purchase of over $138 million in Ethereum.
Not Bitcoin. Ethereum.
While retail dumps ETH at 33% below its highs, a public company is buying it as a foundational balance sheet asset.
25.3 million ETH already locked in DeFi. All-time high.
BlackRock's ETHB pulled $146 million in fresh inflows in a single week.
Exchange balances dropping. Corporate treasuries accumulating. DeFi deposits climbing.
ETH is down 33% YTD.
The price says one thing. Every other metric says the opposite.
One of them is lying.