Ethereum institutional reserves have seen a net increase of 147,600 $ETH over the past 30 days, worth approximately $350 million. Total reserves have now reached 7.31 million $ETH, valued at $17.2 billion. The reserve trend chart has been climbing steadily since last October, with no months showing net outflows. The key point is that the pace of accumulation is accelerating: Feb 22: +51,200 $ETH Mar 1: +50,900 $ETH Mar 8: +61,000 $ETH Weekly accumulation has jumped from the 50k level to the 60k level. And it’s all coming from the same company—Bitmine. Across the entire Ethereum-related stock sector, there’s only one buyer consistently increasing their position. This isn’t "institutional consensus," this is one person making a bet. The question is, how many times has he bet correctly?