Ethereum whale holdings revealed: Bitmine leads with 4.07 million coins, and a mysterious institution is set to invest another 1 billion USD.

[Block Rhythm] Where did the money from Ethereum go? Just look at those Large Investors hoarding coins.

According to on-chain data statistics, the ranking of institutions with the most public holdings of ETH has been released. At the top of the list is Bitmine Immersion Tech, holding 4.07 million Ethers, equivalent to $11.97 billion—this position is enough to shake the market. Following closely is SharpLink Gaming with 863,020 Ethers, valued at $2.54 billion; The Ether Machine ranks third with 496,710 Ethers, with a book value of $1.46 billion.

Interestingly, a recent move by an institution has attracted more attention. The investment team Trend Research has been buying the dip in Ethereum since early November, with an entry price of $3400. So far, they have accumulated approximately 580,000 Ether, with a total investment of $1.72 billion and an average cost of about $3208. At the current price, they are facing an unrealized loss of about $141 million, but they have not stopped.

Recently, they continued to increase their holdings by 46,379 Ether through leveraged lending, worth about $137 million. This means that Trend Research's position size has surpassed The Ether Machine, second only to Bitmine and SharpLink.

The bigger surprise is yet to come—this institution has officially announced that it is preparing another $1 billion to continue increasing its position in Ether. It seems they are truly optimistic about this market trend, voting with real money.