According to CoinMeta, Bitmine recently acquired 10,399 Ethereum (ETH), bringing its total holdings to 5,797,813, valued at approximately $10.9 billion. The company stated that about 85% of its Ethereum holdings are currently in staking, and it expects to earn around $291 million in staking rewards annually. In addition, Blackstone Group has launched two tokenized money market funds on the Ethereum network, further boosting Ethereum's attention. Market commentator Ted Pillows suggested that continuous buying could help push Ethereum’s price above $1,850 and towards $2,000.