I spent quite a while discussing this with friends: Bitmine Immersion Technologies’ Ethereum holdings have reached 6.03 million ETH, with total assets valued at $16.2 billion.
The impact on the market as a whole is limited, but it’s something to keep an eye on for related projects.
When I discussed this with friends, opinions varied quite a bit. I think it’s safer to wait and see for now.
$ETH current price: 2508.42.