BitMine shifted its strategy in early 2025 after stepping away from Bitcoin mining. It raised more than $7 billion through new share issuance. It then used the funds to build a dedicated Ethereum treasury. As part of this plan, BitMine began developing the Made in America Validator Network. The project aims to launch in 2026 and will allow the company to stake its ETH and support the network.
Institutional activity in Ethereum continues to expand. Analysts see large treasury buys as catalysts for possible market cycles. These cycles may grow due to staking returns and broader participation in validation. This has raised a single question for traders: will increased corporate demand accelerate ETH accumulation during the next market phase?
Additionally, the newly reported BitMine purchase averaged roughly $3,032 per ETH. The amount reflects the total value of $44.34 million for 14,618 units. The transaction occurred on November 28, 2025. Many institutions are now viewing ETH as a potential hedge against traditional market volatility.
Furthermore, traders are watching whale activity because similar patterns previously preceded price swings. Past accumulation events created price increases of 5% to 10% within two days. These moves often generated short-term setups for ETH/USD traders.