BitMine has officially emerged as the largest corporate holder of Ethereum, amassing a staggering total of 3.5 million ETH. This significant investment decision is rooted in a strategic approach, as the company aims to capitalize on the current market downturn, commonly referred to as 'the dip.' In an effort to understand the rationale behind this bold move, it is essential to explore the underlying factors that motivated BitMine to increase its holdings of Ethereum during a time when many investors may be feeling uncertain.
source: https://blocknews.com/bitmine-becomes-largest-corporate-ethereum-holder-with-3-5m-eth-here-is-why-buying-into-the-dip/