Record Ethereum Purchase: Whale Accumulates $1.6 Billion Worth of ETH

A single whale, identified as BitMine Immersion (BMNR), has made a massive move in the cryptocurrency market by buying $1.6 billion worth of Ethereum (ETH) within a week. This record-breaking purchase was revealed by blockchain tracking firm LookonChain. 373,110 ETH were purchased last week, pushing BMNR’s total Ethereum holdings to over $6.4 billion. The influx of capital from this single entity has placed BMNR as the largest Ethereum treasury globally and second-largest overall.