Bitmine purchased an additional 264,000 ETH, increasing its holdings to 2.42 million ETH.

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Bitmine continues to accumulate Ethereum strongly this week, adding an additional 264,000 ETH to its portfolio. With this latest transaction, the total amount of Ethereum they hold has reached 2.42 million ETH, currently valued at approximately 9.72 billion USD. This move demonstrates Bitmine's strong belief in the long-term potential of Ethereum as a leading blockchain platform and digital asset.

By gradually increasing its position, Bitmine aims to leverage the growing adoption in decentralized finance (DeFi), smart contracts, and the NFT ecosystem, which heavily relies on the Ethereum network. Analysts believe that large-scale accumulation by institutional investors could signal an upward trend and affect the market.

Bitmine's strategy demonstrates a commitment to expanding its cryptocurrency portfolio, affirming its position as one of the key institutional investors in the Ethereum ecosystem.

Amount of ETH held by Bitmine

ETH-0.36%
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