Bitmine purchased about $43 million worth of Ether last week as it entered the Russell 1000 Index, bringing it closer to its goal of owning 5% of ETH's supply.
Sovereign fund entry into Bitcoin could catalyze widespread institutional adoption, reshaping market dynamics and boosting crypto legitimacy. MidChains CEO highlights Bitcoin discount as entry point for sovereign funds.
It sends “a very clear signal” to other institutions that may be sitting on the sidelines and looking at these larger funds as leaders, said MidChains CEO Basil Al Askari.