According to the source, BitMine Immersion Technology purchased 69,822 ETH last week for about $195 million, lifting its reported holdings to 3.63 million ETH, roughly 3% of Ethereum’s circulating supply (source: the source). The source did not disclose wallet addresses, execution venues, or staking status, leaving the immediate float impact on exchanges unclear (source: the source). For trading, prioritize confirmation via ETH exchange netflows, spot order book depth, perp funding rates, and 25-delta options skew to assess whether the reported accumulation is tightening tradable supply before taking directional exposure (the source provided only the holdings figures).