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Reading: Received 51,162 ETH! What Is The Giant Ethereum Whale Relying On While Everyone Is Afraid?
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EdaFace Newsfeed > Latest News > Altcoin News > Received 51,162 ETH! What Is The Giant Ethereum Whale Relying On While Everyone Is Afraid?
Altcoin News

Received 51,162 ETH! What Is The Giant Ethereum Whale Relying On While Everyone Is Afraid?

vitalclick
Last updated: February 23, 2026 5:25 pm
7 hours ago
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Contents
BitMine ETH PurchaseETH Price Prediction

trump customs tariff He does not give up his insistence and reduced the global tariff rate to 15 percent. While Bitcoin fell to 64 thousand dollars during this period, we saw greater losses in Altcoins. However, despite the negativity in risk markets, BitMine continues to expand its existing ETH reserves.

BitMine ETH Purchase

The total reserve of the company, which received 51,162 more ETH, is 4,422,659 to ETH rose. The company, which started saving in June 2025, is evaluating prices below 2 thousand dollars in order to reduce the average, as it purchases too much at prices above 4 thousand dollars. The aim of Tom Lee, the head of the company, is to add 5% of the ETH supply to the reserves, and more than half of the way is already left.

So what does BitMine trust and still buy? Tom Lee said;

“Last week we purchased 51,162 ETH. Bitmine We continue to buy Ethereum steadily as we find this decline attractive due to the strengthening of fundamental factors. “In our view, the price of ETH does not reflect the high utility of ETH and its role as the future of finance.”

Annual staking revenues are currently $171 million. And these 3.0 million ETH make up about 69% of the 4.4 million ETH Bitmine has. While the CESR (Compound Ethereum Staking Rate managed by Quatrefoil) was 2.81%, Bitmine’s own staking transactions yielded a 7-day return of 2.89% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). “This will be a ‘best in class’ solution offering secure staking infrastructure and will be available in early 2026.”

BitMine tries to make shares more attractive with staking income tokenization The growth potential in the field of GENIUS, which was enacted last year, in stablecoins He thinks that many factors, such as the growth potential it creates, will make the Ethereum network more valuable.

ETH Price Prediction

ETH, which dropped to levels of $ 1,762, was greatly affected by the long-standing BTC decline. Non-crypto agendas did not allow Ethereum and others to breathe, and each time we saw a new breaking development give birth to larger red candles. At this stage, in the scenario where the decline continues for ETH at $ 1,880, the first strong support and its loss may bring a decline to $ 1,562.

In the possible return scenario, the ETH price must start closing above $ 2,100.

Disclaimer: The information contained in this content is not investment advice. Please note that cryptocurrencies involve high volatility and therefore risk. It is recommended that you make your investment decisions based on your own research and risk assessments. You can review our Trust Center page for detailed information.

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