BitMine Bets Big on Ether with $199M Investment Amidst Trader Skepticism

In a significant move defying prevailing short-term market sentiment, BitMine Immersion Technologies has injected approximately $199 million into Ether over two days. This substantial investment by the world's largest institutional Ether holder underscores a strong long-term conviction in the cryptocurrency, even as sophisticated traders are actively betting on a price decline.