BitMine Expands Ethereum Holdings: A Major Increase

A recent move by the blockchain analytics platform Lookonchain has revealed that BitMine’s investment in Ethereum has significantly increased. On August 16th, they expanded their holdings by a remarkable 28,650 ETH, valued at an estimated $130 million. Following this purchase, BitMine now holds approximately 1.174 million ETH worth roughly $5.26 billion. This significant increase in Ethereum holdings signifies a strategic move for the company.