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The latest report on BitMine Ethereum accumulation highlights a significant strategic divergence: despite recording a $3.8B loss, the company doubled down on ETH staking positions.
Despite the broader market correction, major funds are actively increasing their positions in Ethereum and Solana -- a sign that institutional conviction in Layer-1s remains intact heading into Q2.
Executive summary: Bitcoin surged 7.5% overnight, hitting a local high above 72,700. Ethereum and Solana followed with double-digit moves. Here's the breakdown of what happened and why.
