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Ethereum is quietly getting another institutional story. Bitmine reportedly added another $68 million of ETH, while its accumulation strategy is moving toward a goal of holding 5% of Ethereum's supply. CoinDesk also reports that the ETH/BTC ratio has been rising alongside institutional interest. That's more interesting to me than another random ETH price prediction. Because the question becomes: Why are large players accumulating ETH ? Is it simply a trade ? Or are they increasingly treating Ethereum as infrastructure worth owning exposure to ? $BTC has the strongest scarcity story. $ETH has a different argument: ownership of an ecosystem that people actually build on. That's the part I'm watching. #FOMCRateCallThisWeek #StrategySTRCBuyback139M