bitmine just dropped $20m on 13 million octo shares – more eth ecosystem plays

chairman tom lee announced bitmine's latest move – acquiring 13 million shares of eightco holdings (octo) for $20 million at $1.46 per share. this is part of their "lunar landing plan" which sounds like they're betting big on worldcoin integration.

what's interesting here is the ethereum angle. tom lee specifically mentioned they want to back projects that create value for the eth ecosystem since worldcoin runs as an erc-20 token. bitmine has been consistently building their eth position and this feels like another piece of that puzzle.

octo has been integrating worldcoin into their treasury strategy, and with dan ives as their new chairman pushing ai and authentication tech, there's definitely some institutional momentum building around world tokens.

the timing is notable too – eth just pumped 64% in trading volume over 24 hours and is sitting at $4,329. we've seen 53% gains over 60 days despite the recent chop. institutional players like bitmine making these moves while retail is still uncertain about direction.

this could be another signal that smart money is positioning for the next eth leg up. when companies are dropping $20m on ethereum ecosystem plays while everyone else is worried about $4.5k resistance, it makes you think.

bitmine has been one of the most aggressive institutional eth accumulators this year. they're not just buying spot eth, they're investing in the entire infrastructure around ethereum. that's the kind of conviction that usually pays off long term.

anyone else seeing more institutional flow into eth-related companies lately? feels like institutional fomo is starting while retail is still waiting for clearer signals.